Nexus Energy Services Inc (IBGR)

[redwagon]

The shares sold by the “liquidity makers” AKA the MM’s, do not have to be owned shares, the MM’s can sell shares all day long and never cover. Granted if they know they are going to get several million in unrestricted converted shares, then those shorts can be easily covered. But if 50 million shares were shorted recently from .003 to .012, there is no way, even with several million newly issued converted shares, that they covered those shares bought by retail. They would have run share price to multiple pennies already. They are shorting now to protect their shorts from the past several years. Buying 50 million shares with the share price barely moving from .004 to .01 with this relatively thinly traded stock, means that MM’s absorbed those buys and did not purchase actual shares from somewhere else, when they completed transactions. JMHO