Replies to post #40057 on ZNext Mining Corporation, Inc (ZNXT)

[extra]

Shorts always cover at 0.0001 , because stocks can't trade any lower, and BK court takes too long. Then, the collateral is released, and available for the next profitable short.

[gwgd911]

Reverse Stock Split
.00002 is a very slick way of implementing a stock split without doing so. selling far less than what you paid for it is just a scam. I don't see why the SEC won't just shut the entire pinksheets down--It's just one big SCAM!!!!

There is no regulation--what these scam shell companies are doing is similar to selling millions of dollars of crack without the prospect of going to prison if they get caught!

[wise_investor]

stockhound101 - I really like your explanations, I think I will keep my hopes up until the end. I suppose the divy startegy didn't work, so they are shaking everyone out.

flipper, shorters, weak hand investors, you name it.

Bring it on PAIM.

[janice shell]

Unless someone else has another explanation why there is even a bid.

It's really pretty simple. Some, like you, have bought into this silly shorting story. Others, who perhaps don't follow the stock closely, remember the run last year during/after that "buyback", and are hoping it'll happen again.

If the stock trades a billion shares at an average of 0.00015, that's a whopping $150K for the day. Not exactly big money.