Friday, June 10, 2011 12:30:56 PM
elimination of shares is the ONLY thing left that can possible eliminate the short positions BY FORCE.
the truth is that black's making a good salary at his job and the stock he owns is really an insignificant part of his income. because of this, his ownership of X number of shares has very little impact on his lifestyle and if the PPS goes into qudruple zeros, it's no big deal since he is already financially secure.
ihn other words, it would seem like he would have vested interest in the stock PPS and it if did sudenly reverse, that's great icing on the cake for him.... but he's not too concerned since he's already pulling in a nice income from the company's fundamental income.
as far as the investors, it's no skin off his back if the PPS fails - since the company does not need income from the sale of stock anyways - he can just let it do what it's going to do.... erode.
look, the 2's are now stable.
the 3's were stable last week - but now the 2's are stable.
1's are next up to bat.
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