Royal Nickel Corp. RNKLF

Looks Like High Borrowed Share Interest

[Highwired7]

being offered at IB and Fidelity for shorting has dried up with 100% of borrowed shares being returned last week, how can this covering have happened while the share price was crashing on good news, Geodan2 tries to explain in this post from SA: 

"In fact have not seen it before, how did we get back 100% of our stock being lent at both IB and Fidelity, and who knows how many except the least amount? The least amount is millions because just on this discussion thread that is how many were "covered".

 

Do any of us think we could have bot millions without pushing it up? I sure do not.

 

So ... maybe they did not do real covers just as they did not do real shorts. Seems more likely explanation. The Overstock.com revelations that more shares were shorted than existed and Merrill's confession they counterfeited all their high interest rate shorts as a matter of policy, and both proven in court before they paid out a $20 million settlement, makes counterfeiting on both sides entirely possible.

 

Another curious thing, there never has been a RNKLF short that has ever admitted it? There is not one "public" investor known of that has admitted it. Think about that. It indicates the "shorts" were all not part of the public, and that they had access to corruption of trades like Merrill did if they wanted to. Compare that to TSLA with a legion of publicly admitting shorts, yet about 1% lend interest rate.

 

However there are some real shorts, they paid us a boatload of interest. Maybe?? they converted from real shorts to counterfeit shorts so they could no longer pay us the big bucks? That really fits the price action, they did not have to buy a share if that is the case. That explains TSLA too, at 1% interest why break the law? At 75% interest, much more tempting".

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