Why do we ignore facts when people say has to be rme dumping or SPNG dumping. SPNG is fully reporting OTCBB. RME is the majority shareholder and affiliate. Now under Sec 144 rules require RME as majority shareholder sell shares and not file disclosure. See they can't. Now they have invested a lot of money anyone think they would then sell and risk that without filing per rules? No. Sec actually does seem to care to enforce one rule with penny stocks this one 144. They do go after ones who do not file per these rules. Like USXP.
From rule 144 Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
Enough with rme is selling shares etc when clearly facts show they are not. Once again is this not clear? I love when people say I know they are dumping that is just not factual.
Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
Read the facts and Sec rules to know it's not rme dumping shares. Gee that is what the company says to!
What part of any market maker selling a naked short is just like dumping new shares into the float is not clear? It inflates suplly in brokers accounts and brings prices down.
Naked Short — This is an invention of the securities industry that is a license to create counterfeit shares. In the context of this document, a share created that has the effect of increasing the number of shares that are in the market place beyond the number issued by the company, is considered counterfeit. This is not a legal conclusion, since some shares we consider counterfeit are legal based upon today's rules. The alleged justification for naked shorting is to insure an orderly and smooth market, but all too often it is used to create a virtually unlimited supply of counterfeit shares, which leads to widespread stock manipulation – the lynchpin of this massive fraud. Returning to our example, everything is the same except the part about borrowing the share from someone else's account: There is no borrowed share — instead a new one is created by either the broker dealer or the DTC. Without a borrowed share behind the short sale, a naked short is really a counterfeit share.
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