USMJ Major Short Squeeze Potential with Estimated 4 Billion Shares Sold Short At WTD AVG $0.00047 That Might Have To Buy-In
November 10 2016 - 1:11PM
InvestorsHub NewsWire
New York, NY -- November 10, 2016 -- Wall
Street Corner Report
The OTC Short Report
indicates that over 4 billion shares of North American Cannabis
Holdings, Inc. (USMJ)
may have been sold short in the last 30 days. Total trading
volume has exceeded 10 billion shares. OTC Short Report’s
numbers indicate that approximately 42 % of that trading has been
from short sales. To profit from such short sales, short
sellers would need to purchase shares below the WTD AVG short sale
price of $0.00047 (price based on OTC Short Reports indicated short
sales).
If the PPS does not permit short sellers to profit by purchasing
shares below the $0.00047 those short sellers will eventually be
forced to cover purchasing 4 billion shares at or above the
$0.00047. Such a large scale buy-in has the potential to
dramatically drive a dramatic PPS Increase. Wall Street
Corner Report believes the estimated short position combined with
the overall trading performance and the ongoing business
performance altogether can contribute to USMJ realizing a near term
PPS of $0.001.
Wall Street Corner
Report is the
premier discovery site for promising, yet undiscovered small and
micro-cap stocks featuring opportunities in an ethical,
professional, and responsible manner. We're not fiendishly 'short'
sighted nor are we here to dream the impossibly 'long' dream.
We take a practical view on the big ideas of well-intentioned
management and look to profit on each reasonably achievable step
the well intentioned mangers take toward their big
ideas.
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This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. These forward
looking statements relate to, amongst other things, current
expectation of the business environment in which the company
operates, potential future performance, projections of future
performance and the perceived opportunities in the market. The
company's actual performance, results and achievements may differ
materially from the expressed or implied in such forward-looking
statements as a result of a wide range of factors.
Jack Taylor
info@wallstreetcornerreport.com
North American Cannabis (CE) (USOTC:USMJ)
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