MMEX-scam can't be shorted by retail traders - there are no institutional buyers - they have governance committees, they don't trade trash like MMEX-scam.
There are no significant short positions in MMEX-scam, no FTD's. The only short trades are short-and-cover, for MM / intra-day operational purposes.
So-called short squeezes are a fantasy of the OTCM penny-scammer.
MMEX - You've Been Scammed!
$MMEX going dime+ on short squeeze later this year.
LMAO! I see the short squeeze nonsense on every OTCM scam board.
No one shorts a sub-penny stock and those that post about shorting are clueless and don't understand the mechanics of shorting.
You do understand that you can't have a short squeeze when no one is shorting the stock.
Call your broker and ask if you can borrow 1 mliin shares of MMEX to short - after he stops laughing he will ask you about the $2.50 rule and you will need $2.5 million in a margin account to borrow the shares.
When you borrow the shares they are immediately sold at this time for $0.0026 per share - so you control $2600 in MMEX stock.
When it drops to $0.0008 you will buy 1 million shares to close out your open position - so you will have made $1800 minus broker fees and margin maintenance fees - so you might break even but you had tied up $2.5 million in investment funds.
Shorting is far more complex that having a long position for one of the price goes up you could get a margin call.
So before posting about a short squeeze - learn the basics of shorting.
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