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Re: Joncubano post# 5205

Tuesday, 04/30/2013 10:22:48 PM

Tuesday, April 30, 2013 10:22:48 PM

Post# of 6094
This post is a massive contradiction in logic.

If sharp is indeed shorting to the tune of 175 mil then he has made a foutune that would better the GDP of half the countrys on earth.

If he were shorting at interactive broker he would need to have a margin account worth $437,500,000. As it takes $2.50 per share to short a ticker worth less than $2.50 PPS.

He would have had $70,000,000+/- deposited in his trading account to open the short position. If he were to cover the position today he would have profited. $60,000,000+/-.

These kinds of numbers seem quite illogical for a small time ambulance chaser sueing for $25k. No?

FINRA can easily track the trades. It is what they do.

Sharp shorting would cleary have no case. He would not be financially harmed by the company as he has alledged.

He would however have some explaining to do to the SEC and the federal court judge. And would have a nice extended visit to Danbury.

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