OTCPK:EMMBF - Post by User
Comment by
PruneFaceon Feb 04, 2017 2:19pm
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Post# 25799996
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dropping back down to the 3s
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dropping back down to the 3sI've been trying to find shares to borrow in order to short since pretty well day 1 and have been unsuccessful. Naked shorting is too risky for my constitution. I'd short and that's when the halt would be implemented announcing a takeover. Logic, however, would suggest that a pullback would continue as March 11 approaches. I suspect just about the only shares available for shorting are held by the underwriters of the financings and perhaps insiders.................As previously mentioned, the grey market is not exactly firing on all cylinders. To date there have been no trades that I'm aware of. The process is exceedingly convoluted and onerous and to buy or sell a person must be classified as an accredited investor. I've heard that it may take a couple of weeks to work out the bugs and then that only leaves a few more weeks until the first free-trading day. My hope is that the SP doesn't drop below $1.15 level. I don't expect it will, but stranger things have happened. I may try shorting a portion a week to ten days prior to March 11, just to see how bad I get burned.