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Re: teekay post# 30781

Saturday, 10/09/2010 7:50:30 PM

Saturday, October 09, 2010 7:50:30 PM

Post# of 39048
If there is truly only 19,937 shares in the O/S post-split, and a company offered cash per share, the DTCC would have to deposit the purchase price/share in everyone's account to cover every share out there.

If there are 20M shares post-split with only 19,937 O/S, the DTCC would be on the hook for the irresponsibility of the MM's for allowing that many shorts to occur. They would then bill the MM's who would then bill their clients who are short. There could also be a margin call where the MM's and/or their clients would be responsible for covering.

If Yates was smart, this would be what he is working on or has been working on. Tens of millions of dollars could be made by longs and by the company.

The short will show up soon enough to convince longs to sell. Insead of selling, I will be adding IHGPD shares