I know everyone would like to see this trade again
Post# of 15187
(Total Views: 465)
Posted On: 05/10/2017 5:34:14 PM
I know everyone would like to see this trade again as soon as possible and saw some estimates posted of where they think it would be when it does trade again, or where it will run to soon after. It got me to thinking how it must feel for anyone who was short the stock before the trading stopped and having to sit back and watch as HJOE continues to expand and grow revenues now. From what I've seen so far I tend to think 5 cents is very possible soon after it opens again (could be more, who knows). Which is about 30 times what it was trading at before it stopped trading.
We know the toxic lenders usually short the company's stock prior to converting. Did KBM short the $40,000 note (or part of it) before they learned they could not get shares from converting the note? At 5 cents that would mean they would have to buy back the $40k worth at a cost of about $1.2 million dollars. Were some of the IHUBBER's foolish enough to short the stock with their own money. Even a $10k short postion could cost $250k to $500k when/if this trades again. I doubt very much they have the kind of money it would take to cover such position.
Just like our shares are still intact so is any short postion (unless a company files BK). I have a feeling these clowns are going to spend some sleepless nights as HJOE gets closer to filing to trade again.
We know the toxic lenders usually short the company's stock prior to converting. Did KBM short the $40,000 note (or part of it) before they learned they could not get shares from converting the note? At 5 cents that would mean they would have to buy back the $40k worth at a cost of about $1.2 million dollars. Were some of the IHUBBER's foolish enough to short the stock with their own money. Even a $10k short postion could cost $250k to $500k when/if this trades again. I doubt very much they have the kind of money it would take to cover such position.
Just like our shares are still intact so is any short postion (unless a company files BK). I have a feeling these clowns are going to spend some sleepless nights as HJOE gets closer to filing to trade again.
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