I have never seen any other stock trade anywhere near the volume of this one day after day with 90% of the trades being on the buy side most of the time. If you were to add it up I would say it would come to more than 800 bil. easily.
I took into account matched trades when I posted the 10 bil. figure as I have watched over 20 bil. plus shares traded in one day on more than one occasion.
I don't know who would have taken a huge naked short position in this stock, but I would say someone without good moral judgement and someone that is also lacking in honesty.
As far as who would have tolerated it possibly everyone involved in making millions from the practice of Naked Shorting.
People and companies tolerate a lot when it comes to millions in free money that you may never have to pay back.
I don't believe that any of the parties involved in these penny stocks are completely innocent of wrong doing. It seems to be a game to see who can get by with the most and screw whoever they can while doing it.
I have heard so many excuses like this is penny land and that is the way it is and no one should complain. The bottom line is and what these statements really mean is that no one should try to expose the curruption in these markets so the games and curruption can continue and if these market traders aren't allowed to continue with their supposed illegal activities making high profits with counterfit shares then they will go away and quit trading in these stocks leaving us witout a market at all.
All I have to say to that is don't let the door hit you in the A$$ on the way out.
I do not know if CMKX has been Naked Shorted at all and can not prove it and don't care to try right now, but I believe it may have been. Why else would there be so many knowlegable people like yourself trying to prove otherwise 24/7. I don't sit here more than a 1/2 hour a day anymore if even that much. I could care less and I own this stock. You and others are your own worst argument by just being here.
I wouldn't put it past you and the pumpers being buddies and working opposit ends of the argument just to keep the shares turning over back and forth.
I also don't know if UC is currupt or not and have no proof to him being so either, but I know he hasn't done a very good job of running a supposed mining exploration company or cared about keeping the shareholders informed of anything going on within the company as well.
My wishes are to see my investment amount to something so that I can get an honest return on my money. It was a gamble from the start as it is with any investment that you know very little about.
In reply to these statements bt you:
"Stockhound-heavily promoted story stocks have high volume, particularly those trading at $100 or $200 per million shares. That has zero bearing on a claim of a naked short.
And heavily promoted story stocks often use matched trades and wash sales to create the illusion of volume and momentum.
So who would have taken this huge naked short position, and why did the brokers receiving the failed trades tolerate it?"
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