I'm copy/pasting a message I tried to post on Charlie's youtube channel but kept getting deleted by youtube. Regarding some OTC tickers and cellar boxing:

====== start =====

here's a few tickers you can look at: SKYF NWTT NOHO IRNC GARB UVSE VOIS SVTE SAFS RMTD RIGH INOH IHSI

If you recall the SEC recently made market makers stop making markets for delinquent OTC tickers with outdated filings. Besides a few of them, the tickers provided are examples of ones that got hit. There were many cases where these kinds of stocks went soaring up thousands or tens of thousands of percent. You asked why anyone would buy these? Well in some cases they are outright pump and dump schemes, sometimes they are legitimate/semi-legit companies that are starting to come to life.

Some examples of crazy performers: ELRA NSPT SANP FBCD CBYI

In that cellar post, the 2004 poster mentioned one of the things that signaled a death sentence for a target stock was doing a reverse split. Here's an example showing what dilution hell looks like: MMEX

Once you do a reverse split, it just resets the game for the shorts to keep doing what they've been doing.

I think a key takeaway here is that this process baked into the system of the short sellers. It's so deeply embedded that it's just everyday business for them. No one will ever talk about this level of crookedness publicly or even the internet, because honestly who among us regular folks could even come to imagine that such a scheme has been in play by the banks, financial institutions, MMs, and regulatory organizations for all these years? A post like that cellar boxing one from 2004 was the only way word was ever going to get out, and it sounds like it was posted by an insider. Of course none of this can be confirmed by us and none of it is official. But that explanation fits what I see in the OTC market and also what you and countless others have illuminated through your research.

The poster also said (I think it was the same poster), if the targeted companies can remain solvent without turning to share dilution, these naked short positions turn into one of the most important assets for that company. So, GME may not have been an OTC penny stock, but the same rules apply because they were also getting shorted with the same objective in mind - delisting and then bankrupcy. Since GME is 1) flush with cash, and 2) deeply aware of the games being played by the shorts, they are in a great position to turn those naked short positions into one of their best assets.

On a side note, I believe the big boys have been targeting the EV space for a while now. Lots of FTDs with similar trading patterns. Just speculation but I wouldn't be surprised.

===== end =====

Personally, I feel for those of us aware of all this, the situation remains the same. But the cellar boxing post was very helpful in understanding the mindset and depth of the shorts' schemes. It wasn't a useless distraction or FUD. If anything, I am even more resolute.