Yes a worthless or non trading, non cash
divy will not cause a short cover in my opinion.
Exactly! This ploy has been done so many times. Not one short captured. Changing names, divies, reverses and all the past tricks tried by subbers to catch supposed shorts has never worked. Ever! Name one short ever caught on a .0001 or .0002. They've all tried the divy, reverse or name change thing. They just look for a way they can start issuing more paper again. Classic! ROTFLMAO Once again:
The funniest is the constant screaming of PYCT short or naked short. Not one person has analyzed what it takes to bust a short and the time and costs. If there is a short the ex CEO of PYCT, Mario Pino, did it to his own company. Good luck going after Pino.
And PYCT CEO Pino was responsible for counterfeiting shares and the naked shorts at BCIT, a stock I own. Instead of fading away, the shareholders are fighting back with legal help. Going on eight years and lots of time and money. There is no money behind PYCT to fight anything where a short most likely does not even exist. Some think yelling short fixes the problem. It wouldn't even be caught with a divy or name change. So many subber penny stocks have done this in the past and no short trapped. It takes huge money, time in years and court. See Pino, PYCT and BCIT.