Replies to post #12886 on OMDA Oil and Gas, Inc. (OOAG)

[MortgageDon]

How many will you buy when it hits .12 next Tuesday??

[billionbaby]

new here also , picked up some today and will buy on dips....nice 2 week chart , wondering what the realistic upside is here?

[cjstocksup]

Welcome aboard and look forward to this ahead.
OOAG about to explode. Check this out.

$OOAG Bulls are in full control

OMDA Oil and Gas Inc (OOAG)

A/S O/S and Float: 172,494,041 as of Jun 2, 2010

Concord Dome project update PR is to hit this week! OOAG is getting their financials audited for an up-listing to the OTC Bulletin Board! OOAG can't issue a share without a proxy majority of it's shareholders! Hang on to something folks!



Naked short sellers
Just as you think that it doesn't get any better, well it simply does. MM's couldn't supply the demand today, so they naked sold another 8.361.699 shares today making the short percentage a staggering 46,78%.
http://regsho.finra.org/FORFshvol20100525.txt
There has been a short percentage of 30% to 50% on a daily base for a while now! Pile these up and you have a boom. These naked trades have to be covered, but we've noticed that there are some misunderstandings about the SEC rules. We've looked up these rules to clarify these misunderstandings.

SEC rules state:
"Close-out" Requirement: Regulation SHO imposes additional delivery requirements on broker-dealers for securities in which there are a relatively substantial number of extended delivery failures at a registered clearing agency7 ("threshold securities"). For instance, with limited exception, Regulation SHO requires brokers and dealers that are participants of a registered clearing agency8 to take action to "close-out" failure-to-deliver positions ("open fails") in threshold securities that have persisted for 13 consecutive settlement days.9 Closing out requires the broker or dealer to purchase securities of like kind and quantity. Until the position is closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)10 may not effect further short sales in that threshold security without borrowing or entering into a bona fide agreement to borrow the security (known as the "pre-borrowing" requirement).
http://www.sec.gov/spotlight/keyregshoissues.htm

So if we don't sell 'm our shares with witch they can cover naked trades for 13 consecutive settlement days, we get a massive boost to the PPS. They must not get shares to break those consecutive days, otherwise they will get another 13 consecutive days! So don't give 'm any! We figure we will be at $0.10+ in 13 days, so we will get a nice after boost taking us in the $0.25-$0.50 range. All if we don't sell of course. We've seen these moves before with other stock, a nice example would be CDIV where similar shorting combined with company developments drove the PPS all the way up to $0.60+. All we have to say is hang on to your shares and you will be rewarded greatly.