UBS is one of the largest brokers in the world...they own Schwab
Think about this for a second...They are HQ'd in Europe where shorting US OTC/BB stocks is legal in some countries....how many funds are they connected to....hundreds...they could very easily be connected to a large short position in a US OTC stock like Torvec....in some cases UBS could be buying back on the bid side from their own retail UBS/Schwab customers on the ask side.......what world we live in...
Whom ever is short on Torvec has recognized that the share price cannot be pounded past the $1.50 level...it has too much support there, making it time to unwind the position without creating any perception of demand....I think this has been going on for weeks, but that there is a long way to go...as a shareholder, I hope that the behind the scenes activities at Torvec are moving the company closer to a deal or deals that will create real demand for the stock...that will either acclerate the cover or cause them to SELL more short to try to slow it down in the event of a deal...my opinion is that it will be futile should that occur...
This topic willnot go away....we havn't covered it in nearly enough detail...believing it doesn't exist doesn't mean it doesn't exist
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