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Nanotech Entertainment Inc NTEK
Posted On: 10/29/2016 8:01:39 AM
Post# of 96892
Posted By: AlanC
Re: Moss #68678
The market makers in their report to FINRA reported that they did not have 84% of the shares that were purchased today. Your 100,000 shares were part of the 84% sold short. It is likely that the market is flooded with shares that do not exist. If the company does well and forces the shorts to buy back all the non existent shares they sold we will participate in what is called a short squeeze.
There is nothing wrong with a conventional short sale where shares are located and borrowed however abusive naked short selling where shares are sold without ever being located or borrowed is criminal. Go NTEK!!!













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