RE:RE:RE:RE:RE:RE:Big trade volume Anyone can naked short but it doesn't make sense when you are long is what I'm saying. You still get charged for the borrow.
MMCap would restructure the debt because they think that's the way they could make the most money plus it's bad business for them to make an investee company file bankruptcy. It doesn't help with future sweetheart deals.
It's not always that complicated Brent.
brentkostaa wrote: Naked shorting is a fairly common practice. Call it illegal if you want. Its not enforced. So its done. I can easily do it through Cannacord. If a poor little retail investor like me can do it, a hedge fund like MCMAP can do it, and im sure they do, all along their rat line.
Tell me Method. Why would MMCAP be so willing to restructure this debt? Just out of the goodness of their own heart? Try to help out Supreme?
Method wrote: It's not shorting when long. It's just selling.
More likely they lend their shares out and collect extra interest from those who might actually be shorting like yourself or another fund against the debs.
There are lots of legal ways to make money without assuming they are breaking the law after the OSC is publicly paying more attention.
brentkostaa wrote: why would they need to be net short? Why cant they maintain their long position, soak in interest payments twice a year, and then short sell daily?
Method wrote: so they are long 90m shares and are naked shorting? Are you saying they are short over 90m shares?
brentkostaa wrote:
Daytrader1959 wrote: Weird this stock trades big volumes each day but little change in stock price, usually a half of cent, so why such high trading volume?
Borrow, short sell, cover, return shares, repeat over and over and over and over. I bet MMCAP is naked shorting the heck out of this making money on the short side and with the interest. Why else would they have taken on the risk of holding such a large position of a going concern? Its the only thing that makes sense to me.
Supreme only has to survive 2 years for MMCAP to become whole on their investment. Everything else is extra.