(Total Views: 386)
Posted On: 08/04/2017 6:53:15 AM
Post# of 96896
It goes on with just about any OTC stock because of low market valuations and high share counts.
NTEK is not special in that regard.
There are certain business events that require the naked short positions cover.
I don't know them all.
The RS is one such event. A company name change is another. Moving to a different exchange another.
Becoming a revenue generating concern is the most desirable way.
If you are a business solely dependent on selling shares as a way to raise capital to support your operations, naked shorting will be a slow death to your operation in the OTC IMO.
If the 21 million in financing is secured this pretty much insulates NTEK from the effects of naked shorting.
It does not insulated NTEK shareholders (which also includes members of the company ) from individual risk however.
This is how I see it anyway.....
NTEK is not special in that regard.
There are certain business events that require the naked short positions cover.
I don't know them all.
The RS is one such event. A company name change is another. Moving to a different exchange another.
Becoming a revenue generating concern is the most desirable way.
If you are a business solely dependent on selling shares as a way to raise capital to support your operations, naked shorting will be a slow death to your operation in the OTC IMO.
If the 21 million in financing is secured this pretty much insulates NTEK from the effects of naked shorting.
It does not insulated NTEK shareholders (which also includes members of the company ) from individual risk however.
This is how I see it anyway.....
(3)
(0)
