To me, it's much more then just someone in management being a "dickhead". But that is one huge red flag.
The best cons, like Madoff, are smooth, and redirect questions like a politician, through diversion or other tactics. The poorer cons ... well ... they get angry when someone starts probing around. Sounds to me like this BS guy is very afraid his ATM machine is going to be gone, and much sooner than he planned! And with FINRA involved, and the problem with a possible suspension, is that there is NO forewarning to the shareholders, and I've been down that road before.
A company isn't going to dig into trading restrictions, when they know it's because of them. That is the only reason I can think of for them not to try and resolve the restrictions ... IMO.
As far as shorting a stock goes, a MM like NITE can (and will) sell all the naked short shares they want, if they are almost certain they will never have to cover them. If a stock gets suspended, it's done. That is a huge profit for them, getting all the money for shares that they don't even have to buy, or own. If suspended, it will still trade for a while, maybe even a long time, but it will eventually, actually go to zero in almost all cases. So that could be the reason for the shorts! Just my thoughts, and another reason I see way to high a risk here now.
However, we all know in the land of the pinks/OTCBB, this could be a 100% scam, and still run up like crazy. But I think this one already had it's day. Too much bad info out, hence no movement on last PR's.
Instead of making excuses for things you don't like, and it's very hard to be objective when you have money invested, look at the most logical explanation for things. Because the most reasonable explanation is most likely reality.
I know most everyone only likes Ra-Ra-Ra posts, so I'll just follow this one in the future, by reading this board. I'm not trying to "save" anyone, nor am I looking to re-enter lower. This one is too risky for me unless things change big time, and then maybe to day trade only.
Also, my guess is, there are people working this board that work for the company, in one way or another. Keep that in mind!
Whatever you decide to do, make it be your decision! It's your money!!!!
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