Diamond, this is what I wrote to Oilstrike and I will repeated for you as we have been discusssing this possible short squeze.
Oil, I disagree with Diamond Guru as he says this will just halt and that will be that. I believe this will be settled over a weekend or holiday and open revalued possibly, thus negating the halt. To this point about a halt, I think a halt would make matters even worse for the people on the wrong side of the "short squeeze" as it would bring unwanted publicity. Unless someone can explain a short squeeze better than shifting money from the left pocket to the right pocket as DG says if JPM buys lock, stock and barrel, I do not think a short squeeze can be avoided. I believe the only way a short squeeze can be avoided, assuming there is one here, is to cancel equity completely by keeping liabilities larger than assets and then issuing new stock. I still believe this is the only reason this has not settled.
Once there are illegal/naked shares out there, the only way they do NOT exist is if equity is cancelled period and as long as there is value in the original shares, nothing could prevent the short squeeze other than by cancelling equity period. This is probably why the CRIMINALS including Rosie gambled everything to get equity cancelled. This is my view and I willl stick with it unless somebody else has a better explanation and so far they have not. By shifing money from one pocket to another does NOT avoid a short squeeze as these illegal shares have been held/sold/shorted by a multitude of players once the original illegal shares were put out there. I am hoping and praying we will see but the only way we will see is if the common shares are NOT cancelled. I say they WILL NOT BE CANCELLED!!!
