PHI Group Inc (PHIL)

[stockrockin]

Exactly

the MMs can cover the naked shorts because people are likely to sell at that price and it will balance them out

To be honest, this would be a great thing for us and PHIL because the sells would not effect pps because mm's involved would just make them disappear and not come back to hit the market.


They would manipulate this a bit to keep the pps climbing yet not getting out of control until they have what they need.

For those in question, any pps they would pay at this level to get rid of naked shorts is a drop in the bucket compared to what they would pay when we get current and the very existence of naked shorts is discovered.


Just a theory and totally my own opinion.