InvestorsHub Logo
Followers 36
Posts 1412
Boards Moderated 0
Alias Born 04/30/2014

Re: None

Saturday, 02/28/2015 9:06:38 AM

Saturday, February 28, 2015 9:06:38 AM

Post# of 111920
Hanover and friends had to short the sh!t out of this stock to get it under a penny to activate their early conversion clause. Have they covered yet? I'm assuming after the midpoint of their sell off the price would turn the corner, which it has, and in turn they now need to sell into their own short covering to finish the process. Right? Shouldn't their own short covering keep the price up?

Ex: short from .04 to .009, then start unloading converted shares until reversal, making more money on their short position, and now that the price has turned they can sell the remaining shares to themselves from an original basis of far higher.

Thoughts?