Replies to post #313288 on Bioelectronics Corp (BIEL)

[srinsocal]

Pretty Simple, MMs can sell shares they don't own at both the Ask Price and the Bid Price, either way it is Naked Shorting

<<<<< 12.4 million trades are listed as short sales. That only leaves ~ 6 million for buys >>>>>

If they sell at the Ask Price the transaction is recorded as a Buy.

If they sell at the Bid Price the transaction is recorded as a Sell.

As far as MMs covering their Shorting, do you feel that all transactions between Broker/Dealers are recorded in the daily Time/Sales data that retail investors see?

[GetSeriousOK]

I think it's obvious that MM's are just trying to make a buck. They buy low in their "naked shorting" trades and sell one tick higher. When the PPS bounces between .0004 and .0005, retail sellers can't get .0005 and retail buyers can't get .0004.

MM's aren't holding the PPS down as some seem to be implying -- the lack of revenues and lack of company accomplishments are holding the PPS down. MM's have no reason to keep the price low or drive the price lower. If BIEL were trading at .04 instead of .0004, MM's would have an easier time shaving their profit out of the spread. They would love to see the PPS rise, I'm sure, but Kelly and Rick need to create some buying interest.

Financials in 11 days -- apparently we get to see the Adcock numbers since it appears that BIEL spent more than 30 days packing and shipping that order they photographed in early December.

I notice that BIEL isn't saying anything about the Whelans foregoing loan interest in 2023. In the past they disclosed that in January. All they said in the Annual Statement was that they had foregone interest in previous years.