At last update, 10,427 shares of PTOI were short...about
At last update, 10,427 shares of PTOI were short...about $172.05 worth at current prices. PTOI is not on the Reg SHO list...indicating that if there are any number of naked short shares, that number is negligible.
The current borrow rate for PTOI is 0.25%...resulting in a refund of 1.45% for short sellers, not a fee. Those who are short PTOI are earning a positive rate, not paying. However the problem is that anyone who is short needs to put up the minimum $1.00 for each PTOI share short, regardless of how low the price goes. Short sellers literally have to put up cash as collateral of about 60x more than PTOI is worth and that ties up a lot of cash for that low rate of return.
There are no short sellers 'on the ropes' since they all had to put up at least $1.00 per share as collateral to be short.
For those who are still blaming short sellers for their losses in PTOI, it would be worthwhile to consider that PTOI hasn't produced a single positive result since inception a decade ago. Any company which has been unable to demonstrate value for a decade might be considered low value by investors and that might be a stronger influence on the share price than naked short seller price manipulation theories.
Plastic2Oil, Inc. (PTOI) Stock Research Links
Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
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