Gamestock and Overstock BOTH had much more than 10
Post# of 72447
(Total Views: 396)
Posted On: 02/04/2021 3:58:46 PM
Gamestock and Overstock BOTH had much more than 100% of their shares shorted. And these were the reported supposedly "legal" shares -- who knows how many more illegal shorted shares there were? (in addition to the supposedly legal shorted shares that were over the 100% number of actual shares)
So why would anyone think that if this can happen to large, well-known, exchange-listed companies, it would NOT happen to companies like IPIX and other small biotechs, which are in the Wild West of the OTC?
When a well-known short LIED in a tweet about another small Boston biotech some years ago (and "coincidentally" that one was ALSO attacked by Mako) -- claiming that he had inside information that the biotech's clinical trial had failed, that single tweet torpedoed the stock. When the company reported their ACTUAL results 3 days later, and they were stellar, the company's stock price did not recover -- because the disgusted investors who sold in a panic, at a big loss, did not come back. The company had to sell itself cheaply to avoid bankruptcy. Investors lost a ton of money.
Many investors reported the criminal stock manipulator to the SEC. They never even acknowledged getting the complaint form.
So why would anyone think that if this can happen to large, well-known, exchange-listed companies, it would NOT happen to companies like IPIX and other small biotechs, which are in the Wild West of the OTC?
When a well-known short LIED in a tweet about another small Boston biotech some years ago (and "coincidentally" that one was ALSO attacked by Mako) -- claiming that he had inside information that the biotech's clinical trial had failed, that single tweet torpedoed the stock. When the company reported their ACTUAL results 3 days later, and they were stellar, the company's stock price did not recover -- because the disgusted investors who sold in a panic, at a big loss, did not come back. The company had to sell itself cheaply to avoid bankruptcy. Investors lost a ton of money.
Many investors reported the criminal stock manipulator to the SEC. They never even acknowledged getting the complaint form.
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