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Tuesday, October 06, 2009 12:17:46 PM
The guy you're sticking up for is claiming you cannot move anything from Scottrade when others have, and he also said a short squeeze here would only take the PPS to .05...GIVE ME A BREAK.
Let me remind you it was at a $1.80 with NOTHING. We have no idea how the new share structure will work, whether some will be preferred, whether the company will buy back, whether the company will use shares for deals, whether the company will retire some shares, or whether they will even excercise the option...so again $1 is not a wild prediction.
If you believe there is something weird going on and if you think Scottrade would freeze this stock over a potential squeeze of .05, YOU must be in dreamland, IMO.
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