Bots Inc (BTZI)

[Spiderman58]

Just out of curiosity, if you are short MCIG today and tomorrow morning the VitaCig IPO is announced and all shareholders of MCIG are recorded at that time to receive 1 share of VitaCig for every share of MCIG they own, then do you as a short seller then have to go onto the open market (when shares are available) and buy to cover 1 share of VitaCig for every share of MCIG you are short?

I think the shorts do. I think that no matter how much "hype" comes after the announcement about VitaCig and the opening price swells, the short sellers will have to buy to cover shares of VitaCig.

Having said that, I think one would be insane to short MCIG right now. Therefor, I think any bashing of MCIG has nothing to do with a short position and has to do with an attempt to grab cheap shares.

Just my opinion, of course.