Replies to post #74299 on Rapid Fire Marketing Inc. (fka RFMK)

[@realToothFairy]

Poor RFMK

[sunspotter]

"100s of millions of shares short in rfmk imo"

In your opinion, perhaps.

In reality, a few thousand:

Here's the real short interest - as given by the only accurate source - on penny stock scam RFMK, and as you can see, it's utterly insignificant:

"Short Selling Data
Short Interest 56,147 (468.12%)
May 31, 2012
Significant Failures to Deliver No"

http://www.otcmarkets.com/stock/RFMK/company-info


The so-called short figures you quote actually report failures-to-deliver (FTDs), which are quite a different thing, but really not so hard to understand. And DTC-chilled stocks like RFMK are particularly prone to non-short sale FTDs, for obvious reasons.

If you call FINRA up and ask them, they will tell you exactly what the SEC tell you:

" "fail to deliver" occurs when a broker-dealer fails to deliver securities to the party on the other side of the transaction on settlement date. There are many justifiable reasons why broker-dealers do not or cannot deliver securities on settlement date. A broker-dealer may experience a problem that is either unanticipated or is out of its control, such as (1) delays in customers delivering their shares to a broker-dealer, (2) the inability to obtain borrowed shares in time for settlement, (3) issues related to the physical transfer of securities, or (4) the failure of a broker-dealer to receive shares it had purchased to fulfill its delivery obligations. Fails to deliver can result from both long and short sales."


http://regsho.com/faq/investorquestions.php

And here's the SEC explaining precisely why people pretend there is significant short interest in RFMK, when there really really isn't:

"There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company's stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of naked short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices. Often, the price decrease is a result of the company's poor financial situation rather than the reasons provided by the insiders or promoters."

http://sec.gov/spotlight/keyregshoissues.htm