RE:RE:From yahoo (USA)whisky11:
Shorting it's a tool to keep stock price low, if they don't supply "ask" side with fake shares ,stock price would go up it's colled "market forces"
Shorters spent money on this activity, if the company need to finance itself they will have to issue more shares at 7 cents the at $3 sp. If they working for competition, our company is disadvantaged and competition can win.
I think two or three years ago they shorted this company on the tune of 200 million shares(it could be naked short sale between investment banks) they can't cover it now.
Shorts, they have two way to go, first would be if volume increase dramatically without stock price going up, so the shorts can buy the shares and return to the lender, Second route they have is that people like you,randomtask,Stock1829,SteveM45 brainwash investors to the tune that the company will go bankrupt (it won't happen because almost 50% of the value it's a cash) and they don't have to return nothing to the lender of the shares because let's say 200,000,000×0 it's zero.
Oban1kenobi]Whisky can you please explain a bit more to me on the following
- What exactly are people shorting this to ?? we are currently sitting at a year low and almost ALL time low of 7 whole red pennies.....Where are the shorters going from here ?
I understand shorting this from 4 dollars down to where we are at today of 7 cents...BUT where are the shorters going from here? 5 cents ?? At that point it would be mathematically equal to raise or lower the stock price (20% whether up or down for each cent movement).....But I just dont get why.
Good luck everyone!!