I know everyone would like to see this trade again
Post# of 15187
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.