The MF MM should stop approving this BS. Remember that the MM in OTC calls the shots. Even if you hit the ask, he can make you wait as long as 30 min or more. It happened to me multiple time.
That data means nothing. You might want to do some research on how trades can get on the "short" list. That data doesn't always mean someone "borrowed" shares and sold them and then has to buy them back cheaper as many think. Many "short" sales are just swaps between MM's and brokers. Here's part of an article I read: "Half & Half Yeah, so let's lead with a statistic: 49% of total market volume is short. (At least that's what the SEC says [p. 4].)
If you find that hard to believe, then you're just thinking about it the wrong way. Most short sales have nothing to do with "short sellers." Most short sales are just a convenient way for brokers and dealers to move shares around without worrying about running afoul of securities regulations on settlement periods and boring stuff like that.".... I've come across other articles also on the subject but I've done enough homework here. Either believe the articles or don't. In other words blaming the "shorts" for the PPS doesn't usually apply to these penny stocks though I'm not saying it hasn't ever happened.
I should add that nobody on the retail side would even attempt to short this at this price unless they had inside information that big dilution was coming IMO. Also my opinion is that MM's would only short this if they knew dilution was coming though it would be illegal. They are among the few that know when dilution is coming.
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