OncoSec Medical Inc (ONCSQ): ASCM is simply another one of the broker...

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Re: james2013 post# 3986

Saturday, 07/20/2013 11:26:26 AM

Saturday, July 20, 2013 11:26:26 AM

ASCM is simply another one of the brokers on the OTC BB, PinK Sheets that trade and Naked Short the +4000 equities on these exchs.

http://www.ascendiant.com/about.aspx?n=785756

The OTC MMs sometimes co-ordinate together or individually to maximize their profits thru the strategy of Naked Shorting. At any one time depending on their position they will Naked Short more or let it run. As FINRA members they all report daily Naked Shorting collectively for each equity which can be followed:

http://regsho.finra.org/FORFshvol20130719.txt

In the case of ASCM it would seem that they Naked Shorted more ONCS to hold it back as the PPS is heading higher and would force them to buy-to-cover at a loss.

On Jul 1, 2013 ONCS closed at PPS $0.2470. The high close for Jul,2013 is $0.3200 which is a 30% increase. Starting Mon Jul 22, at any time, OncoSec is expected to release the Phase II statistical data for the 25 persons. This data is expected to be bullish and drive the PPS up mainly by attracting new buyers. ASCM is simply trying to hold the PPS back and encourage swing traders to sell so that they can buy-to-cover at a lower PPS.

Friday was an opportunity to buy more shares especially for the Longs that have done DD and know the value of ONCS.