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Re: Homebrew post# 756

Sunday, 07/14/2019 11:41:36 AM

Sunday, July 14, 2019 11:41:36 AM

Post# of 760
Yeah I agree with you on that. This is saying there are still 1,445 shares short with 999 days to cover.
Perhaps the short or the short market maker is unaware that they still have this short position open, or perhaps they just feel STG commons
will eventually be canceled in the BK.
In my opinion, I wouldn't play with fire. They could just cover that short position and move on for less than $20 right now.
If the chapter 7 trustee here comes up with $8 to $16 million for the estate, STGGQ would quickly move up to the .50 to $1 range. All in my opinion of course. More than likely the commons will get ZERO here, which is the usual.

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