Replies to post #29205 on Marijuana Company of America Inc (MCOA)

[WtdoIknow]

I like what you said to him.

What does your man say about t$r$t$c ?

[I-Glow]

Oh I know the nefarious "offshore" naked shorting - you do understand that any naked shorting would show up in the FTDs on MCOA.

Your broker doesn't know anything other than what FINRA publishes in the Bi-Weekly report.

The "illegal" shorts are having to cover, and the way I know is my broker, who isn't a retail guy at Swabb or a bank who couldn't make it with the guys on Wall Street, is being called with requests for private treaty trades from guys on desks at market makers.

If theses guys who are short didn't have to cover their position and they just wanted stock, they'd put up a bid at or above. But, this meathod gets expense and they lose money. Pretty simple, they wouldn't be calling my broker for stock if they thought they could cover at a profit.

So, hold your water shareholders, this stock is going to move back above a dime if supply dries up. Don't give in to hysteria or the so-called "technical" experts like I-glow who wants to buy cheap.

This company can be a good company and good companies with a real a shareholder base can drive off shorts and market manipulaters. Just go research VW!

I do understand the mechanics of shorting - and I love the shorting conspiracy theories - I see it on every OTCM scam. There is absolutely no shorting of MCOA.

New SEC rules - In 2010, the SEC has instituted new rules for shorting securities in the wake of the 2008 market crisis. If any stock has dropped 10% or more from the previous day’s closing price, short selling will be restricted to help curb additional downward price pressure. This rule replaces the old uptick rule, which was repealed in 2007.

This is also very interesting. The other factor that could affect the daily short figure is very interesting. If a sale is being initiated by the holder of restricted 144 stock, even though the owner of those shares is technically a long, the sale is listed as a short sale because the actual certificates are not yet "clean" via the transfer agent.

I suspect that most that post about massive shorting don't understand the difference between short volume and short interest - it is generally the same people who use the OTCShortreport to verify shorting.

IG