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Post# of 734984
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acountmakr

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acountmakr

Re: rezkull post# 167272

Wednesday, 03/10/2010 7:47:18 PM

Wednesday, March 10, 2010 7:47:18 PM

Post# of 734984
If person A is shorting the stock, he can short at $.50, cover them at $.20 for a profit, then buy at $.20 and hold til $5 a share. That's what is going on...

You pull $30,000 profit from your shorts covering, then $250,000 from the stock being redeemed for $5 a share.
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