Replies to post #14197 on Puget Technologies Inc (PUGE)

[Value_Investor]

Beware: the New AS is 4.99B or 4,990,000,000 shares which was just increased from original 2.99B shares from the first link below! The OS was 2,117,896,846 or 2.12B shares as of 10/15/2020 based on the 8-K filed in the same day --- see the second link below!

https://www.otcmarkets.com/filing/html?id=14458758&guid=P9meUaJ6H_zD6th

https://www.otcmarkets.com/filing/html?id=14442610&guid=nlGeUa7s8DlhLth

So at today's low $0.0003 PUGE has $635,369 or $0.64M market value vs. at 52-week-high $0.0014 PUGE has $2,965,056 or $3M MV!

It seems that PUGE may further decline to 0.0002 like its peers did (OCLG crashed from 0.0016 to 0.0001 with 1.2B+ shares OS while RCMH crashed from 0.0018 to 0.000001 with 851M shares OS)!

There are a lots of One-Tick flippers here! Which is the second reason why PUGE Quickly crashed to 0.0003 from 0.0014 within only Four sessions! Of course the first important major reason is that the OS was Rapidly And Heavily diluted to 2.12B shares from original 634,881,892 shares!

[cjstocksup]

There are no real retail shorts in penny stocks. Sorting penny stocks is a myth! There are naked short MM's but they must cover within 3 trading days according to SEC REG SHO rules. Some will claim to short as scare tactics or blame others for shorting when some penny stocks go down or blame a chart. If you have a good stock that drops it can be profit taking, some dilution etc. and many other things but there are almost nil short in any penny stocks. MM's can borrow shares during the day for trading between clients but they must cover in 3 trading days according to the SEC rules. PUGE has only 100 short shares. Shorting penny and especially sub penny stocks is a complete myth most do not understand. It is a shame you read about shorts and there really are none as far as penny stocks go! ABSOLUTELY ALMOST NONE, NIL IN ANY PENNY STOCKS. It would also cost $2.50 to short a single share of any penny stock and most will not spend a quarter million dollars to short 1 million shares of a penny stock. Here is the correct link to Finra. These are the real short numbers and they do them every 2 weeks. The OTC daily site is scam numbers based on buys and sells. Most stocks are manipulated by flip traders or those who missed the boat. Most of those daily numbers are dilution if the stocks are being diluted or profit takers along with panic selling on red. You will also see that if you go to any penny stocks board over time you will see the same. No real short positions. Type in any penny stock symbol when you get to the front page.

https://otce.finra.org/otce/equityShortInterest

http://otce.finra.org/ESI