Snipp Interactive Inc SNIPF

Short interest...

[Maggs]

Short interest keeps soaring. I can't recall it ever being this high on the OTC since I have been following this company. Shorting this stock has been the only winning strategy for quite a while now. Congratulations to them for making tons of cash while all of us (investors) get beaten into the ground. Market makers know the CEO's of the companies who they can take advantage of.  Anyone in that business understands how it works. 

Shorting is not a blanket strategy that works on the OTC. I remain quite shocked that the sheer numbers of short selling continues to this day. Might as well stay with what works and push harder if your opponent is weak. It's pretty clear the CEO is not going to address this nor is he going anywhere. Sad situation!

[tannin]

appreciate knowing what the actual short interest figures are Maggs.....thanks What on earth are the shorts expecting from here ......one assumes further price decline or am I missing something here. Interesting sudden spike today, quickly sold down again ........on zero news

[OPENHEIMER]

Expect to see bad news for this upcoming quarter, based on recent trading activity. Major share dumping. Very sad to see the way this company is trading, and before long under $0.10.

[sportsman80]

Yesterday looked like short covering to me, volumes have been low outside of that I wouldn't call it dumping. 

[Baconator]

Soaring? CEO.ca is only showing 41k outstanding, down from 70k.   

[Maggs]

Read my post again...I reference the OTC market of which you can see for yourself. Does not matter which one (OTC or Venture) has the most short interest. It will be manipulated from either side for the benefit of the market makers and nothing will change with this CEO. They will continue to bury him and us until we get an actual CEO who is a strong leader and is willing to be proactive and fight.

[Enryko]

Could the short interest have anything to do with Bally Sports needing bankruptcy protection.

[stockpickerone!]

Ballys Sports bankruptcy has nothing to do with Ballys Incorporated fyi. They just brand the sports network in their name but dont really own it...thats owned by Diamond networks or something which is a joint venture between Sinclair Media and Ballys...

[Enryko]

I don't think you know what you are talking about fyi.

[francoisl13]

He is absolutely right, do some homework before sending your comments....

[stockpickerone!]

maybe you guys should research before opening your mouths! LOL  The owner of "Ballys Sports" is Diamond Sports Group - that is owned by Sinclair Broadcasting...Ballys paid to BRAND the network of 16 channels and get access to LOGOS and the Sports Betting...it has NOTHING to do with the bankruptcy...they simply have the right to do the SPORTS BETTING and name the network...see the

[francoisl13]

My comment was for Enryko....

[Enryko]

I would have to think it would be impossible to collect revenues from a company that is in bankruptcy protection.