Appears the shorts and those with ulterior motives are getting nervous!! They come on this board in force when that happens! Great sign for us longs!!!
Aah that must bee it.
How much margin does an account require to Short any stock with a PPS under $5? Answer: $2.50/shr.
So let's go through the exercise of Shorting 200K shares of PMCB at 0.06. Must have an account value of $500K, plus the value of the shares ($12K), else the broker won't let you do it. One is trying up $500K+, and then one waits N weeks(months) for a max profit of $12K or much less? As opposed to going Long with $250K in a NYSE/NAS stock(s), and making that much in one week (day), and still having 50% cash in reserve.
IMO, one would have to be out of their skull to Short any of these Microcrap scams. Of course the ave Microcrap "investor" isn't likely to have a $500K account. And it only takes one PR pump to double a Microcrap stock, and generate a margin call.
BTW - the present "Short Interest" for PMCB is 564K. Where most of that "Short Interest" is likely due to shares yet to be delivered from an insider's dump per Rule 203. I'll leave it to the reader to calculate what percent of the O/S (875M) 564K shares represents.
Yep those imaginary Shorts are everywhere in these Microcrap scams. LOL
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