Titan that is not correct. The volume is from people buying and selling as SPNG has about the highest $ volume I have seen in a penny stock for over a year. Days we traded over 20 million is amazing for a penny stock.
What I have said is what is supplying the shares that trade this volume is this. I cannot define it any better then what naked shorting is. You can tell me over and over how no nss and won't matter. Like I said that is telling me crooks who can sell nss and make millions are passing on it here lol.
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 (air 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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