I am not hear watching for a big short cover, I think what some people don't realize is Norm Mackenzie hinted an interest and the stock ran up to 25 cents, then it seemed he backed off IMHO. Now that he has come back and taken this on something big could come out of this. Norm and his pals are very well known and have some deep pockets. FRMC is sitting on a great land package and I think a lot of investors will be surprised what Norm brings to the table. JMHO, do your own DD as always.
Not taking a shot at you directly but your wording is a sensitive line that has to be tipped toed on.
NSS (Naked Short Selling) is highly illegal and many "MM's" actively partake because it is far more profitable to "short" a penny into the dust then to hope that it will 'take' off.
Naked short selling is effectively counterfitting the instrument because the 'investor' borrows the shares and dumps them out into the open market hoping to 'shake the tree' this inturn if large enough and if they are able to absorb the market (being an mm they should be able to) they can virtually drive the price any direction (far easier to go south).
On top of that, most of these pennies are dilution machines that dump and dump and dump into the market only compounding this problem. After that you have a stock so diluted and so manipulated that they are either forced to r/s or something just to clean the SS up.
Secondly if the shorts are not covered they are 'swept' under the rug vis-a-vis fail to delivers.
All of this creates a hugely opaque enviroment and largely an arena to scalp the pigs of their lunch money.
It goes on eeevvverrrryy day and yet little is done to fix it.
Sorry as I said this is not a shot at your comment but merely a tad more elaborated thought about this subject incase someone comes a long and is confused as to what you're refering to.
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