Gunther Grant Inc (GNGR)

[MallenNV]

Sobek. Registered float is 108,000,000, 15% of that traded yesterday and over the past few years far more than 108,000,000 traded. In 2012 Knight was fined for shorting GNGR and Spartan and a few others that are now our of business.

My guess is there are LOTS of open shorts since 2012 when the shares were trading between $.10 and $.23

My guess is the Brokers (TD, Etrade etc.) will be on the hook to close out the shorts. The law says, investors gave THEM the money so it's THEM who have to cover.

With the lying market makers that have since closed, the brokers now have to cover.

I am sure yesterday as posted on the new update on the company website that what is likely to have happened is shorts who sold GNGR $.01-$.001 had to buy them back yesterday for $.006-$.008 and lost a lot of money.

If they shorted GNGR 50,000,000 even at $.003 is $150,000 and they had to buy at least some back yesterday at $.006 taking a loss.

They would seem to want the stock to slow down today so they can grab more lower. If they kept buying the shares yesterday to cover another 10,000,000 shorted it would have shot to penny land and they don't want that to happen

But it may be inevitable.

But what about the older $.10- $.20 cent shorts who will not sell now at $.008 and are waiting for $.25 again?

I am sure yesterday lots of shares were taken out of circulation, shares that did not exist.