Giving benefit of the doubt, checking trading records for highest volume days in July '09, vast majority of trading occurred at open and close, dispelling the "flipping" theory.
8B shares, as a lowball figure because does not include ex-clearing trades, would amount to $800,000,000 at 10c cost basis.
45B, which may include all ex-clearing trades and might be what Trustee was referring to in court, would be $4,500,000,000, that's $4.5 Billion dollars.
It becomes more clear with each post and time devoted to this washed up company, along with mathematical logic, that a good portion of that (minimum) $800M was shorted on the way up and at peak levels, and remains uncovered.
Two questions for those who share this "NSS is a myth" theory, which we know is not true, or our own US Govt would not have temporarily banned short sales on financial stocks after the meltdown of Lehman, WAMU, etc.
I am here doing research on my time, outside of my normal job, not to dispel the notion that SPNG execs were crooks, quite the contrary, but to engage honest conversation regarding the real possibility, if not probability of NSS. Why else be here on a stock that has a global lockdown? I can't get my head around that. Well, without again giving the benefit of the doubt. If I, along with many others, readily admit the fraud of SPNG execs, and with math on the side of a very real possibility, why does NSS try to be dismissed so vehemently? Just a couple of questions for my little project. Thanks in advance for any replies.
