Replies to post #195363 on Fortress Financial Group fka FFGO

[SevenTenEleven]

The Finra numbers dont lie - mwab52

no they don't, unfortunately the FINRA daily numbers are often mis-understood and mis-represented. the fact is they do not represent actual short positions. - alien42

No one claims that the daily numbers are "short interest". What they are pointing out, is that 90% of the daily volume was shorted (nearly 2B shares worth), which inevitably leaves a short interest position.

Since the bimonthly short interest numbers are often under reported and under inclusive for OTC (per FINRA), it isn't surprising that the aggregate short volume wasn't translating into bimonthly short interest.

The other surprising fact is that the bimonthly short interest numbers ceased to be reported after the last 8-K by the company.

Very strange indeed!

I am sure FINRA will get down to the bottom of it.

Shareholders ARE following up with the SEC, FINRA, and the department of the Treasury.

Good Luck!

[OldBen]

The problem with the position that FINRA numbers are misinterpreted and misunderstood is the assumption that conditions surrounding supply and demand are always the same. The assumption for short numbers not being short numbers goes something like this. There is never any shares available to "sell" to a buyer, so, our good friend, the market maker, has to labor to borrow shares and buy them back when supply becomes available. Since, the market maker had to borrow the shares they are recorded as short volume.

Under this theory, you might assume that since short volume is 90% that 90% of the time, market makers borrowed shares. You should see days where there were plenty of sellers, so, market makers had no need to borrow shares. Those days there would be 0% short volume. Are there many or any days with 0% short volume. Every day there is a battle between buyers and sellers. Buyers win some days. Sellers win some days.

If buyers win every day and there are no sellers and market makers have to borrow shares to sell to the buyers, WHAT SHOULD HAVE HAPPENED???

What should have happened is the price should have went through the roof. The price should keep rising until sellers begin to appear. The only thing that stops that cycle is naked shorting.