Replies to post #39361 on Pacific Ventures Group Inc (PACV)

[Slimjim48]

Hedge Funds are the buyers. MM’ers borrow shares at a ‘premium’ rate, payable at a designated time in the future….along with the shares.
The stock is at .008 when the mm borrows , say, 500k shares. He sells 500k at .08 and pockets 4k. But he has to return those shares, but he needs to buy them back at a lower price….and he does this by manipulating the ‘spread’..
creating panic amongst retail traders. He wants it to go as low as he can take it, because the difference is the money he pockets.
This is pure manipulation and the antithesis of market makers responsibilities.

[werd]

There doesn't need to be many people shorting especially if people are effective to a traders. I will agree it's very risky because of the percentage moves up that can happen at any moment. There are some groups here accumulating. There will be a pump at some point social media will explode. After sitting on my shares for a month or so now getting a feel for the company business model and ability I may change my strategy if things become more transparent.