As of 4-11, 694,401,926 total outstanding shares reported by www.shortsqueeze.com, 674,477,386 shares floating. Short Interest: 12,052,200, days to cover .6 days. Short Interest prior: 11,966,400.
Percent owned by Institutions: 79.30% (Includes, major banks, financial institutions, and Mutual Funds)
Percent owned by Insiders: 2.90% (Includes: Directors, owners, and CEO'S)
Both owners are holders and majority owners of Lehmen Brothers.
Do you think these shareholders are stupid for holding these shares. I say nobody is stupid, it's some like to play stupid.
The money managers of these funds, owners, institutions, know very well through their own lawyers that their will be a stock swap, which is inevitable on how they transacted a quick takeover of Lehman Brother's shares by Barclays. Why do you think 80 percent of the owners still hold the shares, they know this. Eventually they will get a new cusip number and new Barclay's shares, that's the RULE when you takeover an entity that had just filed bankruptcy relief and within days it was taken over.
Now today, if all these institutions pulled their physical and digital stock certificates, It would be game over, tomorrow for the naked short sellers (NSS)
The stock would probably sky rocket, if this actually happened.
