Replies to post #66462 on Worldwide NFT Inc (WNFT)

[SF971]

BF’s family office knows the Preferred B shares will be unlocked, converted to Commons, and diluted into the market in a year.

BF, family, friends and employees need bids ready to soak all the sells when they convert their Preferreds Series B to Commons and sell on the open market in a year+.

Shorts provide the bids for them to sell into.

BF, family, friends and employees get exit liquidity.

Shorts get to cover.

The higher the run up, the greater the profit long then short.

Is this accurate?

[Brucebannerr]

So about 4b Series B shares have been converted to common

Thats the way your fantasy post reads . But no matter its still bullshit if you could actually read and comprehend a sec filing. Doubtful!
As of March 31st 2023
95,746 Series B shares were converted into 812,460,000 common shares .
Lmfao only 3+ billion short of your 4 billion fantasy .

[surfkast]

So please stop!

It amazes me how people here try so hard to twist the facts to promote some obscure spin of their own.

In the OTC the MM's trade over 2 trillion shares annually. A few billion is a big fat nothing burger.

Market Makers: Definition & How They Make Money

Taking on Inventory
The other big way market makers earn money is through taking on inventory. When there is a supply or demand imbalance in a stock, market makers will often accumulate a large position in an equity. When there is panic selling following a negative news announcement, for example, market makers are often the people buying as the crowd rushes to get out of the stock. Once things calm down, the market maker can slowly unload the inventory at more favorable prices, earning a profit for their willingness to absorb the risk during the panic selling.

Note: Market making is not simply a form of arbitrage. Market makers take considerable risk by being willing to buy and sell in volatile market conditions. Sometimes, if a company's stock plunges and then continues to decline, for example, market makers can suffer outsized losses holding inventory of a rapidly falling equity.

https://seekingalpha.com/article/4517979-what-are-market-makers

Total Annual OTC trades 2,297,852,599,395 (YES 2 trillion.)

https://otce.finra.org/otce/marketStatistics