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So I wrote a post in haste and deleted it, here is a more reasoned response. If you want definitive proof, you need to see sell tickets. That is what our whist
by abritrum 5y ago
So I wrote a post in haste and deleted it, here is a more reasoned response.
If you want definitive proof, you need to see sell tickets. That is what our whistleblower reports to the SEC have been requesting. I do not have sell tickets.
I wrote this as a response before: my biggest proof was that over the past year, if I tally up the number of uncovered short sales it is more than 2M. How do I know that these sales are uncovered? If there is any day with more than 50% shorting, I know that the short cannot have covered. If I tally up the differences, I get at least 2M uncovered over the past year. This model assumes that the short covers the same day (which we can see from tape they do not).
Even if they did cover the same day, they are still short 2M shares uncovered.
I was mistaken with "short ladder attack" - I should have said short attack. The price action is strange. A bunch of selling say happens at one price point, and then the seller reduces the price by 10c and offers a huge lot. When we try to take the wall, the offer is withdrawn. We have definitive proof of spoofs that were withdrawn like this.
1 and 2 are very relevant to the current discussion. Since the toxic lender has done exactly this to other companies. As soon as a loan is given, they short the company to shit. Except here the company returned the loan. They have been fined by the SEC for similar behavior before and this playbook is seemingly related. The closest is (Badian and Sedona, https://www.sec.gov/news/press/2003-26.htm https://www.sec.gov/news/press/2003-26.htm).
So it is not inconceivable that this is happening here.
I have screenshots that I have submitted to the SEC. I can share them with you.
Like I said, I understand the OTC is ridden with fraud. And this may well be the case here and I fully admit I may be wrong.