JB, so the first 11 shares they sold negated the 33,000,000 shares they received in the first place ? Would you agree?
and...
Subsequent sells of the stock in excess of their original 11 shares are then "borrowed" stock that they did not own at pre FS prices and due the 3M to 1 FS as well. They are on the hook to pay the IOU back on the shorted shares + dividend.
So it seems then that all but 33M of the shares on Monday will be Naked Short shares? Would you agree with that ?
Man this is crazier than the CMKI fiasco where some brokers had deposited pre FS shares into peoles accounts early and they sold them. That was like a 10-to-1 FS if I remember correctly. That one opened at like .08 cents and ran downward to near .01 cent before it turned and ran back upwards.
Before you criticize a man, walk a mile in his shoes. That way, if he gets angry, he's a mile away and barefoot.
