ZNext Mining Corporation, Inc (ZNXT)

[stockhound101]

Well guess what Janice? The price of PAIM went up.
Due to the PR the share price should be 0, but for some reason the MM's see fit to leave it trading with a bid at .0001 and they are buying billions of shares of this company for some reason.
Try to explain that with logic.
"If" the buyback happens and there is a short it would force a cover Janice.
It's like an R/S with the exception that money has to be paid to the shareholders from the company, but for only legit shares and there is no way for any short to get around that other than to buy back the shorted shares and replace them with legit shares.
Also, if there is a short then it seems any would be shorts are being let off the hook cheap at this price, because we know they would have shorted any shares at a much higher price. Having to cover still will piss them off though.
As for myself I don't believe the buy back will happen.
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But you think this latest shameful maneuver would force a cover? Nah. It's basically a reverse split, and reverse splits never force covers. But there's no short position anyway. The story is very simple: the company needed to issue more shares. It planned to do that under the cover of the cash divvy, but got caught out. Plans had to be changed, and this is the result.

I'm still wondering if it's legal: