IB directed MMs ARCA, CANT, BMIC & sometime CDEL & NITE to short this...I know this for a fact...My buddies & I have been testing & observing the L2...& I know former & current top exec. at IB & once Scotturd (now is TDA)...& they all confirmed (not just for this stock but many of the other OTC POS as well)...it's their auto-trading program system (APS)...that is doing it...I tested a couple of times in the past few days...I took my sell-limit orders from $.25 & placed at $.0101 & one at $.0112 and immediately, SOB IB directed to either CDEL & NITE...but when I changed back to $.25s...my 500K shares were still there...So, when we had someone ask slappin yesterday...at that PPS level...MMs/brokers were force to take a short position...we had a lot of ask slappin', yesterday...more than 1 mil buy breaking up into 3 diff. orders...and it was one of my bud. who hit the ask...they're (IB & MMs) takin' a short position & have been...but, I'm not blaming everything on dirty crooked brokers/SOB manipulatin' MMs... We are down to below a penny was because of poor communication btw. management & stakeholders...& toxic lenders...etc. But, that is the past...let's focus on the future...& management is startin' to turn thing around...they're trying to improve & becoming more transparent...
As for the current 500k shares on the ask at $.0112 represented by MM-NITE...that's non of the people I know...we stop testing those dirty MMs/brokers, since early yesterday...ask for those who don't believe in brokerages/MMs/clearing house takin' short position...doing naked short sellin'...oh well (please don't be so naive ...in life not everything is fallin' into either black or white...& in the OTC mkt., sometime, the little gray area may outweight or have more mass than either the white or black circle)...do some research & gain more experiences as a trader/investor...then u will find out the truth...Beside representing buyers/sellers...dirty MMs/SOB brokerages make more $ buy shortin' & naked leprechaunin' ...
NO way in hell you could adjust your sell or buy orders as quickly as programmed MMs...I have been observing the L2 & a few diff time...I noticed the same dirty MM on the ask adjusting price (jumpin up & down with the same amount of shares...) in a milli-second...we are talking about 5-7 diff. prices within 1-2 seconds...on some occasion, even less than a second...No way in hell reg. trader are able to instruct brokers & MMs to carry out sell order that fast...even if u have a group of 10 guys...placing sell orders at similar or same PPS ...on avg. it would take 2-5 seconds for a brokerage to transfer the buy/sell order to the MMs...then appearing on the level II...
- Go ZNGY
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