66% of volume was short sales, and all week volume
Post# of 4205
Posted On: 01/31/2015 3:28:41 PM
66% of volume was short sales, and all week volume was above 5 million.
So if volume is high, and shorts are high, someone is betting pps is going to continue down, making new 52 week lows as we already did twice this week.
Anyone know if the new TA has made available A.S. & O.S.?
Why would anyone take a short position? In the past year it was because they knew ntek was adding more shares to the float, and with 60% more shares available, it follows, with reported revenue staying the same, that pps would take a corresponding 60% drop.
Of course, we know these shorters had the added benefit of having the reported revenue drop from 5 million per quarter up to March, then dropped to just 1 million dollars in June, and rose to 2 million in September. That just made it more of a sure bet to short during last year. Unfortunately, most of us didn't know that that much dilution was occurring, or would be sustained for so long. Also, not too many knew that the main revenue source was sales of share.
Why didn't we know?
Because ntek said it was from "media" sales. Technically, stock sales could be called "media" sales, i suppose.
Personally, i call it deceitful, at best.
Add to that, that certain big investors knew certain milestones that ntek claimed were coming, np1's by xmas 2013, big box stores, ciao, and others, it made it more of a sure bet that insiders and big investors along with their friends, could possibly benefit from short selling shares.
If you know share count is increasing, revenue is decreasing, and milestones won't be met, wouldn't you benefit from keeping bagholders, er, shareholders holding while pps plummeted by a factor of more than 5?
Why yes, yes you would. Thanks for asking.
Of course, I'm not insinuating anyone would do such a thing, I'm just pointing out how easy it would be.
Now, back to the current situation of lots of shorts and falling pps. Or continued falling pps.
Why would this be occurring.
I can't think of a single reason.
So if volume is high, and shorts are high, someone is betting pps is going to continue down, making new 52 week lows as we already did twice this week.
Anyone know if the new TA has made available A.S. & O.S.?
Why would anyone take a short position? In the past year it was because they knew ntek was adding more shares to the float, and with 60% more shares available, it follows, with reported revenue staying the same, that pps would take a corresponding 60% drop.
Of course, we know these shorters had the added benefit of having the reported revenue drop from 5 million per quarter up to March, then dropped to just 1 million dollars in June, and rose to 2 million in September. That just made it more of a sure bet to short during last year. Unfortunately, most of us didn't know that that much dilution was occurring, or would be sustained for so long. Also, not too many knew that the main revenue source was sales of share.
Why didn't we know?
Because ntek said it was from "media" sales. Technically, stock sales could be called "media" sales, i suppose.
Personally, i call it deceitful, at best.
Add to that, that certain big investors knew certain milestones that ntek claimed were coming, np1's by xmas 2013, big box stores, ciao, and others, it made it more of a sure bet that insiders and big investors along with their friends, could possibly benefit from short selling shares.
If you know share count is increasing, revenue is decreasing, and milestones won't be met, wouldn't you benefit from keeping bagholders, er, shareholders holding while pps plummeted by a factor of more than 5?
Why yes, yes you would. Thanks for asking.
Of course, I'm not insinuating anyone would do such a thing, I'm just pointing out how easy it would be.
Now, back to the current situation of lots of shorts and falling pps. Or continued falling pps.
Why would this be occurring.
I can't think of a single reason.
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