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Tuesday, August 12, 2014 11:04:27 AM
Looking at the shares traded in ERBB in a year, there have been 20 billion shares traded. If we can go by the daily shorted shares and percentages, then we can assume that over the year approximately 6 billion shares, minimum, have been shorted. (that's at only 30% shorted, and we know that there have been as much as 70% on certain days)
I think hedge fund shorts ran the stock up on purpose, cashing in at the $.10 level, turning and shorting the stock, collectively, all the way down to the present PPS.
As best as I can ascertain, the margin call is based on the amount of money invested, margined, and put on a formula, which usually is from 25% - 50% of their money invested. If these guys have shorted hundreds of millions of shares in a year, are possibly still holding them, then, we can see why they are fighting so hard to keep the PPS down...as they have a serious butt kicking on the way...
I would think when we get beyond .021 some of these boys will begin to start getting some margin calls...which is why, I think, they fought so hard to keep the PPS below .018 recently. Just an educated guess, as I am still trying to understand the formula, and math is not my best subject... LOL
"In ALL your getting, get understanding." $1.11
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