Post by
wildman2 on Jan 09, 2011 11:20am
rambo
I don't know how many shares Joe has at CDO, so I can't say, but if you think Joe is shorting and doesn't have the ability to control the price and could possibly get squeezed, then you have no idea how in control and experienced at this that he is.
Do you really think that he would be shorting CDO, if there was a chance he could get squeezed?
I know more about EFG, so I will cite that as an example. Joe owns 11 million shares of the 100 million float at EFG. There is no news release that would squeeze him. He can crush momentum anytime he wants. The company recently had their NI where they had 6 billion dollars proven lithium/ree in the ground announced and Joe crushed momentum at a market cap of 30 million.
So check out how many shares Joe owns of CDO and then subtract it against what would be an excellent volume day at CDO and tell me if he could possibly get short squeezed on a day CDO shareholders and wouldbe shareholders get excited.
I am venturing a guess that whereever he might be shorting, he is feeling darn comfortable.
Comment by
CrashSurvvivor on Jan 09, 2011 11:31am
He can't get squeezed because he gets millions of warrants and options as part of his financings. These would enable him to cover any run if he was short and had to cover.
Comment by
CrashSurvvivor on Jan 09, 2011 12:13pm
"It would be best interest if CDO doesn't do business with MF anymore."Amen to that!
Comment by
Rambo007 on Jan 09, 2011 8:46pm
Thats why their was an update request of shareholder status...Cheers