What difference does volume over 10 year period make? NONE.
WRONG. 78 BILLION shares traded it shows that the company is not dead yet,
Any shorts from a decade ago had 10 years to cover at .0001
WRONG, THEY HAD 18 MONTHS TO COVER (FEB/05-JUL/06), AS THE FAMOUS 'BI-MONTHLY SHORT LISTING' BEGAN IN JULY 2006. NO REPORT WAS PRODUCED IN JULY, AUGUST SHOWED ONLY 73,220 SHORTS.
16.5B (#106152) TRADED IN 2 MONTHS OF A "KNOWN P&D", AND ZERO ON REPORT, WOULD INDICATE ALL SHORTS WERE COVERED. IF ONLY 8B WERE SHORTED, IT WOULD HAVE TAKEN 12 MONTHS BUYING EVERY SHARE (PROVIDING PEOPLE WERE SELLING) IN ORDER TO COVER A SHORT THAT LARGE. THAT ALSO WOULD MEAN THE SHORTS COULDN'T WAIT TILL THE PRICE REACHED .0001 BEFORE COVERING. WHY????
and nobody, not the SEC or the company itself even hints at the existence of these mysterious naked shorts that some claim exist.
WHY WOULD YOU THINK IT WOULD BE BENEFICIAL FOR THE COMPANY, IF THEIR PRODUCT ISN'T READY, TO 'EVEN HINT' ABOUT A SHORT. THAT WOULD PREMATURELY TAKE THE STOCK UP, AND RIGHT BACK DOWN. WOULDN'T THAT BE CONSIDERED P&D, THUS KILLING A 'REAL COMPANY' FROM MOVING FORWARD (WHICH PYCT IS).
I guess that when a scam shell uses toxic financing to enrich themselves and their toxic financiers using convertible preferreds then dumping of tens of billions of commons onto retail speculators, the naked short theory is the only hope left.
'TENS OF BILLIONS'????? EVEN COUNTING THE 15B GIVEN OUT UNDER PINO, IT IS LESS THAN '3 TENS' (LESS THAN 14B IN 8+ YEARS). TO SOME THAT MIGHT BE A 'BIG NUMBER', BUT AT .0001 THAT WORKS OUT TO $1.4M.
But its a false hope. This junk will never see a sustained .0002 bid - some have been trapped in this scam for several years thinking buying at .0001 would yield a quick double or triple.
THEREFORE, I WOULD SUGGEST "FLIPPERS" HAVE BEEN NET SELLERS OVER THE LAST 5+ YEARS.
They will dump like mad should a .0002 bid appear and keep taking it out. 100% profit is sweet even if you have to wait a few years to get it. Problem is, it wont happen.
SHORTS MAKE ONLY 100% PROFIT, IF THE COMPANY FINALLY GOES UNDER.
HOW COME YOU DON'T THINK 'SHORTS' WOULD MIND "EVEN IF THEY HAVE TO WAIT A FEW YEARS TO GET IT"
The only way at this point to boost the share price is massive restructuring of the shares which would wipe out minority shareholder leaving them with 99% loss or more. And that assuming the SEC would allow it.
AND OBVIOUSLY THE COMPANY HAS NOT HAD ANY INCLINING TO "RESTRUCTURE THE SHARES", THEREFORE, PROTECTING 'MINORITY SHAREHOLDERS' (A GOOD THING, AS IT ALSO DOESN'T ALLOW THE SHORTS AN EASY WAY OUT)
These scammers cant even get the 2 years CHILL lifted. What a joke.
THEY ARE WORKING ON IT.
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