A little color on the supposed 100M PTOI short pos
Post# of 43066
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Posted On: 11/21/2017 11:36:09 PM
A little color on the supposed 100M PTOI short position, held by invisible naked short sellers who are thought to keep viciously selling to drive down PTOI's price while simultaneously biting their nails and running in circles because they are full of angst and trapped. This is from a securities attorney:
"Working together, FINRA and the SEC had created a monster. They had provided companies and their short-obsessed investors with a resource even more seductive than the threshold list. Instead of a mere handful of issues with threshold failures to deliver, the daily short volume offered supposed “short sale” numbers for virtually every stock traded on the national exchanges and over-the-counter. Every day, hundreds of message board posters submit posts about attacks on their stocks by dangerous shorts. Sometimes, they add each day’s numbers to arrive at totals rising as high as trillions of shares. Protests that short interest is a running balance fall on deaf ears."
With short sellers, PTOI has a convenient but fictitious scapegoat which keeps shareholders' eyes off of the company itself.
"Working together, FINRA and the SEC had created a monster. They had provided companies and their short-obsessed investors with a resource even more seductive than the threshold list. Instead of a mere handful of issues with threshold failures to deliver, the daily short volume offered supposed “short sale” numbers for virtually every stock traded on the national exchanges and over-the-counter. Every day, hundreds of message board posters submit posts about attacks on their stocks by dangerous shorts. Sometimes, they add each day’s numbers to arrive at totals rising as high as trillions of shares. Protests that short interest is a running balance fall on deaf ears."
With short sellers, PTOI has a convenient but fictitious scapegoat which keeps shareholders' eyes off of the company itself.
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