HRAKA:
You wrote: <<To whom it may concern,
Once again I will point out that MM's cannot sell "undeclared shorts" on QDRX
because it is listed on the NASDAQ. MM's sold non-existing shares like crazy on
OVIS because:
1. They OVIS is a BB stock and the MM's CAN sell "undecalred shorts" making it
impossible to track it's "short" record without an effort like the "cartel's". QDRX is
listed on the NASDAQ and the NASDAQ will not allow the selling of "undeclared
shorts" by MM's.
2. The MM's thought OVIS was going to go under. Therefor, they would have
never had to cover all the non-existing shares they sold
(some estimations of 4 million+ non-existant shares). BUT they were wrong and
OVIS made a turnaround to profitability.
3. The shorting however continued because the MM's did not want OVIS to
recover, because if OVIS ever recovered and got listed then
the MM's would be responsible for covering all those non-existing shares they sold.
Hence the cartel had to do what they did to save the company from what appears
to be a deliberate attempt by the MM's to put OVIS under.
PLEASE UNDERSTAND that as long as QDRX is listed that what happened to
OVIS CANNOT happen here. QDRX is having their own problems because
of their present fundamentals not because of short selling.
hraka>>
1. It's not legal to sell undeclair shorts. Anywhere.
2. MM's figured QDRX to go under.
3. QDRX is fooling them.
I beg to differ to some extent to say that the MM's can do what they damn well please as long as they don't get caught. There have been other companies that have been shorted with undeclaired shorts that were not BB stocks. The short squeeze was done to them in much the same way as it is happening with the OVIS stock. Stockholders calling in their certificates. I will have to spend some time reasearching the OVIS thread to find the names of the companies but it's late and I can't be more specific right now. Any one else help me out here?
The MM's receive an order for stock....don't have any right now but might later. Someone offering me money? OK...I take it and will take care of the paperwork later. I'm sure it happens all the time, even with the big names. They cut themselves in for 1/8 or even 1/32 and they make money. As long as the share certificates are never ordered in the name of the buyer (If it's "street", brokerage house it's not counted as owned buy anyone specific) then the paperwork gets into the "flow". The "flow" increases if there are always more buyers than sellers but the MM's have control of the price so if they have a large "flow" (undeclaired, unregistered, stock without names attached) they keep lowering the price until they don't have to worry about the people who own the stock they sold that they don't have certificates to cover. The people who bought the non-stock certificate stock or enough of the others will be scared into selling and the MM's cover their shorts. As long as there is no accounting it can happen on the NYSE too! Tho they are more careful of that. If they figure that no one is paying attention, it can happen anywhere. Just like shopplifting. Normally I would imagine it happens all the time, a little here and a little there. OVIS is a case in point where they got Greedy. In the wrong place. They're getting caught.
It's possible that QDRX is in a simular boat tho maybe not to the extent that OVIS is. Tho with QDRX, even a couple of million shares would be enough to make the "float" scary enough to the MM's to make them make the share price lower so they can cover or never have to. This is another company like OVIS, the MM's thought it would die but has done a turn arround and is starting to get into a position to show a profit. Something like OVIS was 6 months ago.
Why didn't the share price react to the increased revenues this last quarter? They were huge. The loss was less to the huge degree. It should have gone up at least a little. Even 1/8. Or 1/32. Nothing happened tho it was carried on Reuters. 1/16th would have been nice. No way. The MM's don't want to see this stock rise.
I for one was going to be a trader in this company but since the annual meeting and meeting the people involved with the company will be a long term holder. I'm going to call my broker on Tuesday and ask for the certificates to be sent to me. I have a fire proof safe to put them in. I think that would be a good plan for all long term investors in QDRX. I only wish I had more money to own more shares than I do.
This is auful long as it is but I wanted to say the there are crooks eveywhere, even Tiffanies has shoplifters. If they can get away with it they will.
Ginger
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