GREY:ATIVF - Post by User
Comment by
anythingon Nov 25, 2009 10:37am
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Post# 16521817
RE: RE: RE: RE: RE: CRAZY
RE: RE: RE: RE: RE: CRAZYHi Davpro,
Chris here again.
they borrow 1 million shares short and use the $60,000 to buy another million shares to get the warrants they now own 2 million shares.
they buy back the short at 4 cents, give back the shares, sell the million they got in the pp at 4 cents so they have no profit and no loss outside there commissions and hang on to the warrants, taking on no risk.
they issued 62 million shares, if every participant did this it adds up to 62 million shares to be bought back and 62 million to be sold, this will murder the stock.
how many do you think used this stratagy?
thanks again