Short $60 million dollars of SPNG stock at average price of @ .13 , and then cover it at under @.02 , now that is one monster trade ...wow , look at these totals , it is so obvious , the O/S A/S was a scam , the PR was a scam , and I bet - IMPO - IMO I BET Insiders are making this short money thru RME and DF , IMO SPNG insiders just made like $100 milion or MORE on this short , I am not an expert on shorting. Hate shorting , it should be outlawed and only used in large institution like trades and must be 100% covered on spot type of thing. Anyway , someone figure this trade out.
If you short $60milion of SPNG stock at $.13 then cover it say at $.02 , what is the NET profit on the trade?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.