Short selling - For newbs, here is the simple tru
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Technically its illegal for penny stocks, but nearly impossible to detect.
So, when you see a negative comment about this stock, and you see that person or (people) spend a lot of time doing it, then they are most likely shorting a stock.
Because 90% of penny stocks never make it out of the pinkies, its actually very easy to make a profit because you wait for a penny stock to shoot up (like we did) and then you start betting Against the company.
However, now that RMHB is finally getting off the pinks, we can start to move on.
Most losses on the financials were from stock given for services so please keep that in mind. The shorters are now really doing overtime because they know they have a few days to cover and buy the stock.
Here are some other points to think about...
1) Why do an interview if you are about to go under?
2) Audited financials came out the next week and Paritz dated their letter on the 21st so the company wasn't holding them for a long time, like some thought.
3) Distributors on Facebook including Venessa in California, Carolina Hemp Co are exploding in growth.
These are just a few points.
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