First off, it is important that there is enough mo
Post# of 30066
Posted On: 07/06/2016 6:04:25 PM
Re: FiggyPiggy #23587
First off, it is important that there is enough money to pay off Magna- as I said if Magna is paid off, then it will be a turning point for the Company.
Secondly, there is some misconception that the toxic lenders want the price of the stock to be low- they don't. They can make money at any price- they don't care what the price is as long as they sell for more than the price they convert at which is why they get the 25% discount. In fact they would love to have it skyrocket right after they converted a ton of shares so they would make that much more money. The only reason that Magna would want the price to go lower than it currently is is if they were shorting it at 5 cents. No doubt they have already shorted a ton when it was $1 or more and have long since covered- I'm sure they made millions. Remember Magna was involved when the price was $7.00- that is when these guys short not after it loses 99%. They are not shorting this stock at this point- the shorting phase of their scheme is over.
Secondly, there is some misconception that the toxic lenders want the price of the stock to be low- they don't. They can make money at any price- they don't care what the price is as long as they sell for more than the price they convert at which is why they get the 25% discount. In fact they would love to have it skyrocket right after they converted a ton of shares so they would make that much more money. The only reason that Magna would want the price to go lower than it currently is is if they were shorting it at 5 cents. No doubt they have already shorted a ton when it was $1 or more and have long since covered- I'm sure they made millions. Remember Magna was involved when the price was $7.00- that is when these guys short not after it loses 99%. They are not shorting this stock at this point- the shorting phase of their scheme is over.
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