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MikeKnowsRunners

03/05/17 1:28 PM

#26957 RE: Kmorin #26955

Wrong. You can google what happens to naked shorts when the symbol and number are changed. A full account for all shares must be made. So the naked shorting and MM manipulation must be all cleared up. Absolutely will cause a rise in price with this many shorters. Perhaps the stocks you were invested in did not have a heavy short volume and were not penny stocks?

The Whale

03/05/17 1:41 PM

#26968 RE: Kmorin #26955

I have been trading these mj stocks for many years. When you get a company name change and ticker change, it usually causes the security to go up 100%-300% on the name/ticker change alone. I saw a lot of it in 2013-14 during the 1st green rush.

GLTY

RSII

csud1

03/05/17 1:46 PM

#26978 RE: Kmorin #26955

well at this point they have no products as far as I know since they are just getting started....just like all other startups in this industry. so there is no revenue. PPS for this industry is all based on forward looking projections. MMJ pennies are not your normal penny plays .....at this time anyway. look at OWC* revenues to date and you will see ZERO. did that stop them from going from sub penny in September 2016 to as much as $3.20 recently? the answer is no thus proving my point revenue reportd at this time in this sector don't mean much related to impact on present PPS

scubasteve11

03/05/17 2:50 PM

#27012 RE: Kmorin #26955

It matters a great deal when there is a HUGE SHORT POSITION! They will HAVE to COVER their short positions, all will have to be accounted for, no getting around that one no matter how crooked MM's or shorts can be. EXPLOSION COMETH!!!!