Historical Short Selling for FITX Feb 19 - 21 Marc
Post# of 56324
Posted On: 03/22/2014 12:50:06 AM
Historical Short Selling for FITX Feb 19 - 21 March can be found at http://otcshortreport.com/index.php?index=FIT...ction=view
Total shorted shares = 683,933,996 or about 33.98% of the volume for this same period.
A question for those who continue to monitor the 2,310,988,071 insider restricted shares becoming non restricted 3/4/14 to 9/6/14 (all of which were issued at .001)
All of the restricted shares referenced above belong to insiders per the 12/31/13 FITX 4th Quarter Financials
If you total all insider RS 4/5/12 to 3/18/13 that became unrestricted when combined are 248,884,812 which accounts for only 36.39% of the total short sales (by comparison) it can be extrapolated that non insider short sales are at minimum 63.6% of the total short sale volume and likely far exceed that amount.
Many of the restricted shares as referenced above belong to JW Financial, LLC and to HH Group, LLC, Swan (or Swan Alliance Ltd.) and are designated as paid debt, services, etc., It seems logical that insider investors will want to cash out because they generally turn over their capital especially when the profit is built in upfront. i.e., 100 million shares issued at .001 that sell at .10 is a very nice profit (example)
The question is this, how many of the shorted sales came from insiders in the 3/4/14 to 9/6/14 time frame ? I believe there were 119 shareholders as of 12/31/13 and I expect most longs will stay that way. If the averaged rate of shorted shares remains consistent at 33.98% the 2.3 billion currently restricted shares would total over 785 million insider shares shorted into the market between March to September 2014 and assuming non insider short selling at a minimum of 63.6% then shorted sales including non insiders would jump to 1,284,260,000 and volume would need to increase by 165% of the averaged volume to support the current rate of pps growth.
I know that shorting/buying volume will change as more buyer enter the market than sellers, however, at some point it will become necessary for revenues to support value as market expectations are met or not met. I think the big money will wait until licensing and sales begin to prove themselves but in the meantime is there enough investor confidence to buy into the market at a volume that can support upcoming short sales.
I welcome any and all comments. Maybe I am completely wrong here but so far the data seems to support my conclusions/questions.
Total shorted shares = 683,933,996 or about 33.98% of the volume for this same period.
A question for those who continue to monitor the 2,310,988,071 insider restricted shares becoming non restricted 3/4/14 to 9/6/14 (all of which were issued at .001)
All of the restricted shares referenced above belong to insiders per the 12/31/13 FITX 4th Quarter Financials
If you total all insider RS 4/5/12 to 3/18/13 that became unrestricted when combined are 248,884,812 which accounts for only 36.39% of the total short sales (by comparison) it can be extrapolated that non insider short sales are at minimum 63.6% of the total short sale volume and likely far exceed that amount.
Many of the restricted shares as referenced above belong to JW Financial, LLC and to HH Group, LLC, Swan (or Swan Alliance Ltd.) and are designated as paid debt, services, etc., It seems logical that insider investors will want to cash out because they generally turn over their capital especially when the profit is built in upfront. i.e., 100 million shares issued at .001 that sell at .10 is a very nice profit (example)
The question is this, how many of the shorted sales came from insiders in the 3/4/14 to 9/6/14 time frame ? I believe there were 119 shareholders as of 12/31/13 and I expect most longs will stay that way. If the averaged rate of shorted shares remains consistent at 33.98% the 2.3 billion currently restricted shares would total over 785 million insider shares shorted into the market between March to September 2014 and assuming non insider short selling at a minimum of 63.6% then shorted sales including non insiders would jump to 1,284,260,000 and volume would need to increase by 165% of the averaged volume to support the current rate of pps growth.
I know that shorting/buying volume will change as more buyer enter the market than sellers, however, at some point it will become necessary for revenues to support value as market expectations are met or not met. I think the big money will wait until licensing and sales begin to prove themselves but in the meantime is there enough investor confidence to buy into the market at a volume that can support upcoming short sales.
I welcome any and all comments. Maybe I am completely wrong here but so far the data seems to support my conclusions/questions.
(0)
(0)