Why didn't CRGP raise the A/S all the way to today
Post# of 11038
Posted On: 08/26/2015 1:32:32 AM
Why didn't CRGP raise the A/S all the way to today's level in the first place?
Imo, they did this in stages for a reason. Those who naked short see the increase and use those numbers to justify their claims that the company is diluting while they force the stock lower for profit. Each time the A/S is increased, the more they short. Well, imo this was done for a reason and it's not to dilute. It's like paying out the line when you want to reel in a big fish. I think shorty has taken the bait. I'm just speculating here, but I think the company may have bought the float down to an incredibility low level. They may want to buy the entire float or dam close to it, then announce a huge dividend or better yet, and this is what I feel is the real reason, they are going to announce a buy out of the company. No debt, low float with 1.8 billion in copper. Sounds like they got the company in perfect condition for a sale. What happens to all those naked short shares out there. There may be as many as the A/S by now. Over a billion or more shares that will never be covered. What happens to shorts if there is a buy out offer for a dollar or two per share and most of the float is held by the company and/or longs and that amount is a small number. No way in hell can they ever buy that many shares back.
This could be the mother of all short squeezes people.
At least take an insurance position on this one. Only time will tell the final outcome, but would you want to be on the sidelines when it happens?
Imo, they did this in stages for a reason. Those who naked short see the increase and use those numbers to justify their claims that the company is diluting while they force the stock lower for profit. Each time the A/S is increased, the more they short. Well, imo this was done for a reason and it's not to dilute. It's like paying out the line when you want to reel in a big fish. I think shorty has taken the bait. I'm just speculating here, but I think the company may have bought the float down to an incredibility low level. They may want to buy the entire float or dam close to it, then announce a huge dividend or better yet, and this is what I feel is the real reason, they are going to announce a buy out of the company. No debt, low float with 1.8 billion in copper. Sounds like they got the company in perfect condition for a sale. What happens to all those naked short shares out there. There may be as many as the A/S by now. Over a billion or more shares that will never be covered. What happens to shorts if there is a buy out offer for a dollar or two per share and most of the float is held by the company and/or longs and that amount is a small number. No way in hell can they ever buy that many shares back.
This could be the mother of all short squeezes people.
At least take an insurance position on this one. Only time will tell the final outcome, but would you want to be on the sidelines when it happens?
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