Replies to post #2672 on FormCap Corp (FRMC)

[jtayz]

well i think you are both correct in a sense. The main things are the reports really dont mean much as many of the shorts created are covered the same day.however,not all are covered, and mm's still short(they also naked short imo)thus creating more shorts on the report. whats unknown is how many of the shorts were covered. anyone watching L2 today could see short covering, ive never seen so many 5k buys in my life.

bottom line is the report really doesnt mean a whole lot.

[pantherj]

Did you read the explanation? Every trade, except those where the MM/broker happens to have an exact matching buy and sell offer in house, is technically a short because they first sell the shares on order from your Broker after which they buy the shares from the Broker that they just sold on his behalf. it could not be done any other way.

This is a perfect example of a bureaucracy giving us volumes of information which is technically correct, but absolutely worthless. I would much rather have a daily report which shows the short interest, if any, still existing at the end of the session.

[hellcatjr]

cover? bwhahahahah they need to cover their A$$ cause the heats turning up!

[Tavycal]

Dec 15 2010 short interest 9000 shares.
http://www.otcbb.com/asp/OTCE_Short_Interest_popup.asp?Symbol=FRMC&StlmtDt=12/15/2010