CHECK THIS: It is from a couple of weeks ago---- $LAHO - O.k., I finally got my hands on some intel
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Posted On: 09/27/2019 4:07:41 PM
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Posted By: 4 MY T
$LAHO - O.k., I finally got my hands on some intelligent intelligence!
This is from Ameritrade and the TA.
TA: 212-828-8436
Both longs and shorts still have their positions in the company and share counts are intact.
I had thought that after the company went private that the shorts, being a sold position, were.......sold. But not so
Unless the company goes BK or does a R/S, our share counts will remain the same when trading starts again.
The odds of the company going BK are negligible. The odds of the company doing a R/S at this point are minimal IMO as that would not be a good way of attracting new investors and keeping the existing ones.
Remember GSCG are big timers and they don't want to sully their good name on the world stage by doing a cheap shot R/S, and burning a bunch of shareholders......some of which are their friends that are in the same boat as we are too.
A company attracts investors by offering them the possibility of being on the black side of the ledger.........not on the red.
We were in a blue sky breakout and the shorts were getting crushed. I do believe that a MM or a couple of MM's called in a favor to the SEC to get the stock suspended and trading on force the company to trade on the gray sheets. They could cover their positions very easily at that point.
What the company did by going private was an end run around all of that. They prevented a sell off, and the shorts didn't get the chance to cover.
Will the pps be reevaluated prior to the start of trading again? We don't know. That is one of many discussions that are taking place behind closed doors right now with LAHO, GSCG and the sponsoring MM, per Ameritrade and the TA.
But it appears to me that this Twinkie thing aint over yet.
