Thursday, February 18, 2021 2:12:07 PM
If 5 brokers each have 108,000,000 and they each believe they own the DTC registered shares, they wont take that risk and they would have to contact GNGR to buy and match what they have in their accounts to cover the 1000s of accounts that bought GNGR before a class action suit is filed.
That could mean 500,000,000 are oversold or more.
A 10% cash on the current price of $.007 is $.0007 x 108,000,000 would cost GNGR only $75,000 and drive the price back to $.20 or higher towards $.75
The higher it goes the more $$$ TD, Scottrade, Etrade would have to pay. If 400,000,000 sold and only 108,000,000 in the float, they will have to find 300,000,000.
They would have to call GNGR and the restricted holders who can name their own price.
Either way, they will be forced to close out the shorts even if there are some from 2012 for $.20 per share.
If you buy shares now that are shorted, they must deliver them to you or pay you the higher price.
400,000,000 x $.20 is $80,000,000.00
500,000,000 x $.20 is $100,000,000.00
I wonder what GNGR should do.
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