Answer is yes to can you get more than a 10% in a company on the OTC especially.
Simple really, I simply arrange for secondary arrangements with friendly firms or individuals that are trustworthy partners. I then acquire 5% here, 4% there, and get to 20-30% ownership, then I simply merge on the same day the different entities.
Not to your point, but covering multiple issues: Sale of stock by insiders: It is common to sell one's stock position over time according to a known pattern, this has been discuss, and as long as it is consistent and not all on one day, is expected. You can see the sales pattern of equal shares over the past few months. When you average your sales you make more. For example, I had 600K of a stock in 2001, that had I sold over a few years as a insider, I would have made 300K (by averaging), but when it got 2001'ed (tech), and dropped to 1/30th in value, I was not allowed to sell, until I left the company. Very painful lesson.
Short sales are way up. These are NOT naked shorts (yet). This is because the sale of shares by insiders and the sell of the 10 Million fund for research did not put out very much the past few weeks, and as such we rise. If there were not sales by insiders and the research fund, this stock would be in the .20s already. To that point, if ELTP management wants to really raise the price of the stock, so they can make more on their sales, they should find a way to pull back on stock sales for a little while - as this stock could pop to .30 or .40 quickly without the constant dribble of insider shares and financing shares hitting the market.
Here is the last few weeks short listing: You can see a pattern.
That pattern is the short is way up the past five days and ELTP is still going up. Meaning, minimal insider sales.
Date VolShorted High Low Close Chg ShortVol RegularVol
Nov 29 74.07% 0.13 0.12 0.12 0.00% 157,976 213,286
Nov 27 48.24% 0.12 0.12 0.12 0.00% 207,454 430,016
Nov 26 44.58% 0.12 0.11 0.12 +9.09% 696,441 1,562,054
Nov 25 40.22% 0.11 0.10 0.11 +10.00% 246,900 613,888
Nov 22 68.61% 0.10 0.09 0.10 0.00% 549,229 800,479
Nov 21 36.67% 0.10 0.09 0.10 0.00% 978,332 2,668,249
Nov 20 27.99% 0.11 0.09 0.10 -9.09% 2,149,391 7,678,741
Nov 19 26.03% 0.12 0.11 0.11 -8.33% 233,998 898,975
Nov 18 31.24% 0.12 0.12 0.12 0.00% 923,225 2,954,847
Nov 15 39.03% 0.12 0.11 0.12 0.00% 560,694 1,436,476
Nov 14 14.16% 0.12 0.12 0.12 0.00% 276,310 1,951,228
Nov 13 23.98% 0.12 0.12 0.12 0.00% 232,447 969,349
Nov 12 19.92% 0.12 0.12 0.12 0.00% 104,435 524,176
Nov 11 29.80% 0.12 0.12 0.12 0.00% 288,760 968,947
Nov 08 20.64% 0.12 0.12 0.12 0.00% 320,889 1,554,787
Nov 07 8.61% 0.12 0.12 0.12 0.00% 20,600 239,276
Nov 06 17.21% 0.13 0.12 0.12 0.00% 161,240 936,972
Nov 05 29.09% 0.12 0.12 0.12 0.00% 290,151 997,267
Nov 04 19.82% 0.12 0.12 0.12 NA 146,175 737,396
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