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I (along with other) have been filing whistleblower reports on blatant price manipulation on an OTC stock for the entirety of last year (about 30 reports of na

I (along with other) have been filing whistleblower reports on blatant price manipulation on an OTC stock for the entirety of last year (about 30 reports of naked short selling, wash trading). Not one peep from the SEC. It's been eye-opening to see the amount of fraud in the financial markets that goes unchecked. Sometimes I question my sanity that I persist in this stock and whether what I see is illegal. Good to see that they are going after bigger fish, letting the smaller ones go.

snapcaster 5y ago
Gamestop bagholder I presume? How do you detect or prove naked shorting or wash trading?
- abritrum 5y ago
  Not gamestop, I said OTC. There is no way to prove naked shorting or wash trading without access to sell tickets. But the signs are there. I added some more of these details in my post of chollida1.
PragmaticPulp 5y ago
> on blatant price manipulation on an OTC stock Which stock? There are a lot of cult-ish communities around certain stocks that "know just enough to be dangerous" and end up misinterpreting a lot of signals as naked shorting and such. The narratives sound good to people who are holding the stock, but they're almost always completely flawed. If the complaints are basically coming in bulk with the same reports that can be traced back to a Reddit post or something, they're probably going straight to the trash.
- abritrum 5y ago
  I agree that there are conspiracy minded folks who get stuck in the rut here. I am worried of course that I somehow stumbled on one. Please see my response to chollida1 which has some more color.
chollida1 5y ago
I"ll bite on this. I work in the financial markets and have alot of experience in market structure. What evidence do you have of wash trading? How would you tell if something is a wash trade? How would you determine if someone is naked shorting? What evidence would you provide for something like this?
- abritrum 5y ago
  You have every reason to be skeptical of my claims. I will not share the ticker since that would mean I am trying to get publicity. Another poster said that you don't know for sure whether it is naked shorting or wash trading. He is correct and I don't have mathematical proof. But there are enough signs: 1) Company had debenture that was paid off early to toxic lender 2) Toxic lender has been caught and fined by the SEC in the past 3) There is always someone selling below the last market price in this thinly traded stock. 4) Every day the stock is walked down by short ladder attacks. 5) If we model the problem like this, lets say > 50% was short volume, then they could not have covered the same day. Accumulate this over a year. There are over 2M uncovered short sales. 6) Every day like clockwork at close the stock is marked down. We surmise it is because of margin (calculations like 5 are just modeling, we think he is short 10s of millions of shares). 7) Company got a call leaked by the toxic lender trying to raise money. Call was leaked. 8) Wash sales are trickier to prove: but we notice odd lot orders trading without appearing on L2. I have many screenshots that show this. Notice I am not 100% sure myself. I am a computer scientist who got caught in this and question my sanity sometimes (as someone else posted a while back, there are many groups who obsess and conspire over this). So any advice, help or insight might be useful.
  - abritrum 5y ago
    Another huge red flag: a warrant for share dividend was distributed with a strike price that would make 1/10 the number of short sales held by the short added to his burden. When the warrant price hit, the short sold 600k shares in a few minutes to get the price down.
  - deleted 5y ago
    [deleted]

snapcaster 5y ago

Gamestop bagholder I presume? How do you detect or prove naked shorting or wash trading?

abritrum 5y ago
Not gamestop, I said OTC. There is no way to prove naked shorting or wash trading without access to sell tickets. But the signs are there. I added some more of these details in my post of chollida1.

PragmaticPulp 5y ago

> on blatant price manipulation on an OTC stock Which stock? There are a lot of cult-ish communities around certain stocks that "know just enough to be dangerous" and end up misinterpreting a lot of signals as naked shorting and such. The narratives sound good to people who are holding the stock, but they're almost always completely flawed. If the complaints are basically coming in bulk with the same reports that can be traced back to a Reddit post or something, they're probably going straight to the trash.

abritrum 5y ago
I agree that there are conspiracy minded folks who get stuck in the rut here. I am worried of course that I somehow stumbled on one. Please see my response to chollida1 which has some more color.

chollida1 5y ago

I"ll bite on this. I work in the financial markets and have alot of experience in market structure. What evidence do you have of wash trading? How would you tell if something is a wash trade? How would you determine if someone is naked shorting? What evidence would you provide for something like this?

abritrum 5y ago
You have every reason to be skeptical of my claims. I will not share the ticker since that would mean I am trying to get publicity. Another poster said that you don't know for sure whether it is naked shorting or wash trading. He is correct and I don't have mathematical proof. But there are enough signs: 1) Company had debenture that was paid off early to toxic lender 2) Toxic lender has been caught and fined by the SEC in the past 3) There is always someone selling below the last market price in this thinly traded stock. 4) Every day the stock is walked down by short ladder attacks. 5) If we model the problem like this, lets say > 50% was short volume, then they could not have covered the same day. Accumulate this over a year. There are over 2M uncovered short sales. 6) Every day like clockwork at close the stock is marked down. We surmise it is because of margin (calculations like 5 are just modeling, we think he is short 10s of millions of shares). 7) Company got a call leaked by the toxic lender trying to raise money. Call was leaked. 8) Wash sales are trickier to prove: but we notice odd lot orders trading without appearing on L2. I have many screenshots that show this. Notice I am not 100% sure myself. I am a computer scientist who got caught in this and question my sanity sometimes (as someone else posted a while back, there are many groups who obsess and conspire over this). So any advice, help or insight might be useful.
- abritrum 5y ago
  Another huge red flag: a warrant for share dividend was distributed with a strike price that would make 1/10 the number of short sales held by the short added to his burden. When the warrant price hit, the short sold 600k shares in a few minutes to get the price down.
- deleted 5y ago
  [deleted]