why in the world would anyone need to naked short FFGO .. when everyone knew the stock was going to be revoked and the management had no intention of ever paying any fantasy divvy because THEY knew it was HISTORY
rumor, some big hedge funds shorting from So Africa and the United Kingdom .. loves bad penny stocks - puppydotcom
Sounds to me like Shorty placed his bets. Problem is most of the A/S is in cert form, held by insiders. Can't short against those certs.
What is the actual float? 6B? 8B?
With at least 18B being held in electronic form by retail traders, alone, at least 2B shares are naked.
Imagine what all of the other shareholders are holding in electronic form.
Tic Toc
Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force abusive short sellers to cover above what you paid. Build wealth for fellow iHub'ers!