Tuesday, November 24, 2015 8:14:00 AM
VRNG COULD play into this theme - let's imagine the day prior to the R/S mgt or some hedge fund starts buying heavy and drives the price up near $1 then do a 1/10 reverse split - now you sitting at near $10 - no chance they can short this down below $1
then a single hedge fund decides to get RICH by destroying the VRNG shorts and starts buying at $10 creating a short squeeze then new retail gamblers see something similar to what we have seen this week with low float short squeezes and start buying ... then you have a REAL short squeeze
timing could be PERFECT - key is mgt or hedge fund needs to start the ball rolling and we need this ABOVE $.50 so at 1/10 the stock is above $5 so hedge funds and maybe some institutions can BUY and the stock would TREND on ST which causes the retail awareness....
then what IF (just dreaming here) in the midst of the short squeeze you get multi-hundred million dollar judgement or settlement....
would be sweet reward for longs that have suffered so much over past 3 years
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