ETMO was hit with a massive naked short attack - I lost maybe 98% or my $300 in the blink of an eye. Or the company just diluted and lied (Most people don't think that; but the whole naked short story there could be a red herring by the company also). So the shareholders think that there are 600 million shorted shares. They think that there are only 9 trading days left on the 35 day SEC rule to cover ending on Nov 30th. I really don't know what I am talking about here... just tryng to answer RedSox question. So suddenly today... ETMO had a massive volume of 70 million shares traded and they think it is shorts covering. But the MMs are keeping the price in the toilet and sinking the price to get people to panic and sell. But price is alreay 0.0002 so they can only bring it down to 0.0001. So they think the shorts are going to keep covering until the 600 million is squared away by Nov 30th. Thus far ETMO has had no luck with fighting shorts and recovering any share value and ETMO has spent a long time working on it. What can you do when our government allows COUNTERFIETING CRIME with no penalies!!! They just print up more fake shares on the MM computers to keep ETMO down. ETMO only recently sent that email on how to combate the shorts. The company claims to have done all they can do on their part to fight the shorts. So there really is no "RESULT" yet in the battle against the shorts with ETMO. It is on-going. But a 70 million volume day came out of the blue and it is on a dead stock that has many PR's that have zero effect on stock price due to all the 100's of millions of counterfiet shares. My personal opinion was that it WAS a naked short attack and they intended to keep all the money and force ETMO into bankruptsy to complete the cycle.
I wonder if the Nov 30th date those shareholders speak of for 35 day SEC rule will help ECFL? Next day is our big PR on Dec 1st!
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