Replies to post #28621 on Phoenix Associates Land Syndicate (fka PBLSQ)

[mickvonmerk]

its legal for MM to naked short, I think the pre market prints are the company buying stock. Mike Mulshie said the company has bought back 50 million so they are half way their (call mike and ask him your self). As have stated I am upset that they clame to be buying only certified shares. This let me tell you is absolut bull shit they can buy in the open market from anyone and the get the certs just like you and I. This is a stall tatic and shows ignorance I am long and I hope it is part of some plan. Like I have said before they are eather stupid as shit or DUM LIKE A FOX.
trust me this low volume is good for us it means the mm have no place to hide and actuall gives them more risk. ( they hide in the volume)
NET INCOME 10% OF GROSS REVENUE = .025 per share
WOW we are way below that and we only have 2 months left in the year, One day we will gap directly to .03 most will be taken out because they have offers below .03 and wont have time to cancel their offers. If the new is AF they will be the big loosers because they almost made it to the move of all moves. anyone have some oil updats we need to locte operating wells and have somone visit them if its in their area.

[MrPastorious]

those short positions are from mm's that carry either short or long positions for liquidity issues. A retail customer that you allude to cannot short a non marginable position legally.