A stock promoter is not a valid source of information regarding SEC/FINRA rules.
Source link please.
http://promotionstocksecrets.com/the-truth-ab...t-selling/
MYEC Stock Message Board http://investorshangout.com/Myecheck-Inc-MYEC-64605/
Because you are wrong. There is no shorting of this ticker.
We've had this exchange previously. This is my last post on the topic.
The bi-weekly report and daily reports serve two different purposes. (They are not my quotes BTW.) I provide source links to factual information. I cannot change the work of FINRA/SEC.
LMFAO!!!! The links in post 165937 are worthless to the discussion. Please post links that unequivocally prove the position that this is being shorted.
Thanks for the quick response, it was a great help!
If fast eddie truly has shareholders in mind then a RS would be meaningless or I should say quite beneficial to investors here.
If the thing is not a scam then why is it on pinks in the first place.
However, con-artist running pink scams love to tell shareholders that "There is no R/S in our future".
Source link please.
Read your quote LMFAO
Quote:
Transactions that have shares marked as "short" can very well be an investor selling a short position
ROFLMFAO Yeah that's right. Last week when the ticker increased 10% in one day, the entire tape (according to your link) was short 30%
Makes perfect sense. BAWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
FINRA reports short sales volume each trade day.
Trades marked short do not equal short sales. FINRA tells you to rely on the biweeklies, not the dailies, for short volume. And what do the biweeklies say about the short interest?
I hear you...Ed doing what I suggest is the real challenge. It shows his real commitment to the future. Besides a rs does not preclude dilution in the future.
Then how is fast eddie supposed to make his millions if he has no more shares to dump?
Those are neat-o links that unfortunately are profoundly non-supportive of the position that this ticker is being shorted.
In other words meaningless to the discussion.
The OTC link is the only site that factors in rules 200 and 203 regarding MM ownership of shares being traded.
http://www.otcmarkets.com/stock/MYEC/short-sales
The real major shareholders here should team up and compell Ed to reverse split this stock to make the SS inline with the growing fundies...
1. R/s 20-1 reduce the a/s to 1 billion ceiling...
2. Release the app if it really exists
3. Release the form 10 audited....
4. Build the rest of the company under the light....
Let the riff raff sell in anger ... Real investors will see the fundies and take up the slack....
"It is highly contested whether or not the daily RegSHO reports that a security has been "shorted", as having a short position, or if it is just a type of reporting requirement for market making activities. It is both. Transactions that have shares marked as "short" can very well be an investor selling a short position or a market maker allocating shares in order to provide liquidity but not in their possession. The Division of Market Regulations of the SEC has an exhaustive, yet technical, overview of what RegSHO provides. Further information can be found at Key Points About Regulation SHO"
http://www.mightymarkets.com/short-volume-lookup
http://www.sec.gov/spotlight/keyregshoissues.htm
Those reports are simply counting shares the mms sell before the trades are settled...it looks like real shorts but it's not...these are all BS stats...no retailers are shorting these stocks that's for sure.
To short this piece of shit SCAM at interactive broker, it would require a very rich person and a moron with money.
Interactive broker requires $2.50 margin (collateral) per share to short securities less that $5.00. i.e., a penny stock.
A 1,000,000 share short transaction of this SCAM at .02 would require $2,500,000 LIQUID FUNDS in your trading account.
This $2,500,000 leveraged against the possibility of making $20,000 if the short trade were to be closed at NO BID x .0001.
Wrong Again.
NOBODY ON THE FACE OF THE EARTH THAT IS THAT RICH IS IS THAT STUPID.
NOBODY IS SHORTING THIS PIECE OF SHIT. IT IS JUST A PIECE OF SHIT.
Quote:
For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater.
http://ibkb.interactivebrokers.com/article/285
The lying idiot in charge is the only one that can pull a NOBO list.
FINRA reports short sales volume each trade day. If you think their numbers are false, please report them to the SEC, the entity that ordered these reports.
The SEC defines a short sale as follows:
"A short sale is the sale of a stock that an investor does not own or a sale which is consummated by the delivery of a stock borrowed by, or for the account of, the investor. The investor later closes out the position by returning the borrowed security to the stock lender, typically by purchasing securities on the open market."
http://www.sec.gov/answers/shortsale.htm