Posted On: 02/13/2016 8:43:09 PM
Post# of 96892
These are approximate numbers but to me it just shows some of what the r/s will do to the shorts.
Let's say a 4:1 split taking o/s down to 500 million (again, approximate but this leaves a little dilution buffer).
Let's say WHOEVER wants our pps to go down to .0027 again (it won't, but let's just say).
Buying 5 million shares at .0027 would cost $13,500 and give you 1% of the entire company. A lot of the float is locked up, if they would dare attempt to take it down to this level AND NTEK continued to show strong progress a squeeze would happen.
Less float means less tricks available at their disposal.
I'm guessing the shorts / naked shorts really want to know the fine details of the restructuring of debt to let them know WHEN they will have to cover. Keep them guessing NTEK.
Let's say a 4:1 split taking o/s down to 500 million (again, approximate but this leaves a little dilution buffer).
Let's say WHOEVER wants our pps to go down to .0027 again (it won't, but let's just say).
Buying 5 million shares at .0027 would cost $13,500 and give you 1% of the entire company. A lot of the float is locked up, if they would dare attempt to take it down to this level AND NTEK continued to show strong progress a squeeze would happen.
Less float means less tricks available at their disposal.
I'm guessing the shorts / naked shorts really want to know the fine details of the restructuring of debt to let them know WHEN they will have to cover. Keep them guessing NTEK.
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