Vestiage, Inc. (VEST)

[drgoodbomb]

numbers do not add up to support your scenario any way you look at it. Short was not covered immediately following RS. Example: Consider a holder of 10M shares at 0.0001 day before the RS. Pre RS value 1K. The morning of the RS screwup, this this person sells 10M @ 0.005 & makes 50K. Then poor chap gets a call from his broker that he just sold 9,998,000 shares he does not own. The price is now 0.07, so it costs him ~700K to cover???? I don't think anyone would do that. The only way anyone could have covered is if the bought back at lower PS than they sold. But if you look at what the stock did that day, the price had already made it out of subpenny by the time anyone figured out what was going on. I'm sure there were a few lucky folks who were able to buy back their shares for the same or less than they sold them, but by no means the majority did. Margin calls were made in the afternoon at the earliest, and most likely the next day or two. You can also prove this by looking at the total dollar volume the day of the RS (ave PS*volume). Compare that with the preRS market cap and I think you will find a whole lot more money was flinging around. If shorts covering then millions of dollars were brought in on margin calls that same day- no way anyone would do that without a fight. And this all doesn't even consider the new buyers like many on this board that jumped in

Can make a similar argument about covering in the weeks to follow. Neither volume or PS support a significant cover (by significant I mean enough to get the short shares small comapred with the float)

I could yak all night about this. let us know if you have any real basis for your claims. thanks