Calissio Resources Group Inc (CRGP)

[ntbiotech]

Don't think anyone was short. COR's clients shouldn't have sold shares that were newly minted at least until after the ex-dividend date.

They made a killing because they sold into strength of other buyers and were not going to receive a dividend. Typically share price of companies giving a dividend is more than the dividend. Even if a due bill was attached in that scenario they would have been better off selling. However here the share price was lower. So this backfired. Probably a loophole but that could be the law.

Maybe Calissio knew something like this would happen so they made sure a buyback was announced before the dividend and were buyers during this time. They may have known they could use this to make money.

I won't be surprised if Calissio was planning to liquidate with the dividend - give some money to shareholders back in the process so this happens seemlessly.

The entire episode makes a lot more sense know. Don't think there is any conspiracy other than that the company could be a scam still.