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.
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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.