RE:RE:RE:RE:Big trade volume 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.