Thursday, July 12, 2012 9:24:46 AM
With a 'good' broker, those 54M could have been 'banked', and used to short against. Since the owner would not be 'borrowing' someone else's shares to short with, they'd never show up on any short stats.
If the owner has been shorting those restricted shares, it would show up on the NOBO list until the 19th, in which he would then use those newly unrestricted shares to cover with.
This is the scenario I'm hoping for, since technically, those 54M shares would already be in the market, as opposed to having a new 54M shares of resistance/selling/dumping.
This would also help to explain some of the 'unexplainable' 'distribution' (as duelittle2 refers to). It's extremely plausible since shorting prior to restrictions being lifted, allows the owner access to his money sooner.
IHub's Most Marked Board: investorshub.advfn.com/boards/board.aspx?board_id=7489
Basanite, Inc. to Open New Production and Distribution Facility in Northeast Ohio • BASA • Jan 2, 2025 8:28 AM
The Crypto Company Highlights Blockchain Training Alliance's Successes and Momentum for 2025 • CRCW • Dec 26, 2024 8:58 AM
Hertz Energy Provides Antimony and Critical Minerals Projects Update and Announces Financing • HZLIF • Dec 20, 2024 9:00 AM
North Bay Resources Announces Arrival of 42 Tons Gold Ore at Bishop Gold Mill, California • NBRI • Dec 20, 2024 9:00 AM
Consumer Automotive Finance Subsidiary Drago Knives Narrows Down Potential Partner to Manufacture Patented Throwing Knives • CAFI • Dec 20, 2024 9:00 AM
$ASNS - Is this the Next Big Cybersecurity Stock? How Actelis Networks is Revolutionizing Critical Infrastructure Protection • ASNS • Dec 20, 2024 8:50 AM