Posted On: 10/26/2014 8:44:37 AM
Post# of 2102
Had this question from long: One thing I do not get is all this talk about shorts. Never made any sense when stocks are sub penny and the premium to short makes no financial sense <-- you ask,
The answer is, What if an entity (ex employee, Hedge fund, Nss crews etc) What if they short a stock (sub penny) selling millions/tens of millions of phantom shares at .0014/5 down to .0009 etc and then they don't want to cover? The send in bashers claiming "Scam" "never getting IPO" "never going up" "banned in Canada -will be halted etc"
If a company can be driven out of business they don't have to cover, its all profit! get it?
They have done it before and will always try again imo.
The answer is, What if an entity (ex employee, Hedge fund, Nss crews etc) What if they short a stock (sub penny) selling millions/tens of millions of phantom shares at .0014/5 down to .0009 etc and then they don't want to cover? The send in bashers claiming "Scam" "never getting IPO" "never going up" "banned in Canada -will be halted etc"
If a company can be driven out of business they don't have to cover, its all profit! get it?
They have done it before and will always try again imo.
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