I believe some people think the "Euro" presence is
Post# of 4274
when in reality it is not. There are still stories going around that after ticker
change we will see buying to take this up and on an oil deal there will be a
new HOY.
Personally, I have not heard anything concrete to back this up. It's all hearsay
by people who claim to be in contact with the "Euros" - the same Euros who
were forced to sell off all their holdings when the PPS dropped below .01.
Short squeezes exist on the OTC, but it's an extremely rare event. ANSU
had one not too long ago and it only worked because the promoters got
caught shorting while trying to load and a partner to that group went out
on his own and ran it with other IR groups.
As of 2012, ticker changes are nearly seamless. The lead market maker -
usually NITE - will get notice 48 hours in advance and tell all his other MM
buddies about the change. The big firms will have the old shares changed
over into the new shares within 24 hours of notice. The smaller ones may
take up to 72 hours - or 3 trading days.
Naumu and Rick probably started this out together IMO. Now that the heat
is getting turned up, they are turning on each other. This has always been
my theory from the beginning. I knew once I started making calls in late
March this was the case. I posted it all over IHUB and got ate up for it. Now
that it is happening and I fell for the story myself, I am kicking my own ass
for believing Rick's bullshit stories.
The latest out of the RW camp is starting after Labor Day things will start
to look much better, but that was before he botched an oil deal because he
didn't have anything to offer in exchange. He also said the ticker change
couldn't happen because they didn't pay until August 8th...