Since This Is A Gambling Forum
- Thread starter Northern Star
- Start date
GTII news out. A longshot but possible merge with CRTD which would mean everybody that owns either will get new shares under the new name and all the naked shorted shares would be exposed meaning they would have to cover/buy back? I sure hope this goes down. I certainly don't understand all this stuff but it sure sounds like the short squeeze could still happen. But when?
:0corn
:0corn
This seems like perfect "stock" to jockey.
Let's say you did buy it at .60
Sell it now, and reinvest your money when it slides back under a buck.
:shrug:
Just seems like a yo-yo right now.
It was at $1 and i was going to buy some at opening and got busy at work and didnt. Of course it went to $1.80 and i was not happy I was busy at work.
It proceeded to march back down to $1 and this time I was going to buy. Of course it got busy at work and I missed it again. This time it worked though because it was still headed down. So I bought 2,000 more shares at $0.60. It went down even more and I bought 2,000 more shares. These are just for some quick profits and downside is pretty much a known at that price. Sold the 4,000 shares at $1.63 this morning.
Still long on a ton of shares. The market is so dirty when you see what is going on. Hope they have figured out a way to trap the short with the possible merger. If so......
Northern Star
It proceeded to march back down to $1 and this time I was going to buy. Of course it got busy at work and I missed it again. This time it worked though because it was still headed down. So I bought 2,000 more shares at $0.60. It went down even more and I bought 2,000 more shares. These are just for some quick profits and downside is pretty much a known at that price. Sold the 4,000 shares at $1.63 this morning.
Still long on a ton of shares. The market is so dirty when you see what is going on. Hope they have figured out a way to trap the short with the possible merger. If so......
Northern Star
I've played this game before with a stock that was listed as ETAK (Elephant Talk Communications), then became TEUM (Parateum). Lost thousands buying it at certain price levels that I thought were good.
I hope you guys have better luck.
I hope you guys have better luck.
opcorn2
On 1/11 I picked up 1000 more at 97 cents. See what happens. Looks like they're trying hard to bust these illegal short sellers but it's so much money I doubt they ever settle. Then what? They go to jail and we hold our dicks. This is my long shot lottery play. Like Feelgood said, I'm totally prepared to lose my entire investment in this. But, maybe it hits one day.
This should be good for us. A concentrated short on GTII......who would have thought it?
https://www.sec.gov/litigation/opinions/2022/34-96293.pdf
On October 28, 2022, in connection with its application for review, Alpine filed its Expedited Stay Motion requesting a stay of NSCC’s imposition of a $2,154,101.32 Backtesting Charge. As noted above, NSCC does not impose Backtesting Charges under the approved rule change that Alpine challenges in its application for review in these proceedings. Rather, NSCC imposes Backtesting Charges under rule changes that the Commission approved in 2016.11 But NSCC assesses the Backtesting Charge based in part by reference to the other charges that NSCC imposes under the approved rule change that is the subject of Alpine’s application.12 Alpine sought an expedited stay because NSCC informed it that the charge would be effective November 1, 2022. NSCC informed Alpine that deficiencies it observed in September 2022 caused Alpine to fall below the backtesting target, and it attributed the deficiencies to Alpine’s “net short portfolios with the top driver being a concentrated short position in GTII.”
https://www.sec.gov/litigation/opinions/2022/34-96293.pdf
On October 28, 2022, in connection with its application for review, Alpine filed its Expedited Stay Motion requesting a stay of NSCC’s imposition of a $2,154,101.32 Backtesting Charge. As noted above, NSCC does not impose Backtesting Charges under the approved rule change that Alpine challenges in its application for review in these proceedings. Rather, NSCC imposes Backtesting Charges under rule changes that the Commission approved in 2016.11 But NSCC assesses the Backtesting Charge based in part by reference to the other charges that NSCC imposes under the approved rule change that is the subject of Alpine’s application.12 Alpine sought an expedited stay because NSCC informed it that the charge would be effective November 1, 2022. NSCC informed Alpine that deficiencies it observed in September 2022 caused Alpine to fall below the backtesting target, and it attributed the deficiencies to Alpine’s “net short portfolios with the top driver being a concentrated short position in GTII.”
It should be but what I don't understand is why. It's old news. There is a lot of hype going on right now so tomorrow should be a really good day. I'm not going to be greedy this time around.
- Jan 31, 2023
- 1
- 0
- 1
- 26
Hey there! That's an interesting strategy you mentioned for trapping naked shorts. A dual listing on Upstream and a digital token do sound like a clever way to create something they can't deliver. I'm curious to see if it works out for GTII. By the way, have you checked out this NoDepositHero review? It could provide some valuable insights too. Keep up the great work, and good luck investing!
Last edited:
