Here's the data for your mega Short conspiracy of KMAG
31-Aug-2012 there was a total of 1000 "Short Interest" shares. Ave trading volume 18.3M.
28-Sep-2012 there was a total of 69.667 "Short Interest" shares. Ave trading volume 3K shares.
15-Oct-2012 again 69,667 "Short Interest" shares. Ave trading volume volume 7.3M shares. The matching numbers for 28-Sep, and 15-Oct suggests "Short Interest" were actual Short shares, rather than an artifact of SEC Rules 200,203.
31-Oct-2012 there were 0 "Short Interest" shares. Ave vol 3.3M.
Sometime between 31-Aug-12 to 17-Sep-12 when KMAG was suspended Short shares had increased from 1K to 69.6K. That represents 0.009% of the issued shares - Big Whoop!
There followed the 10 day suspension running into the next semi-monthly reporting date of 28-Sep. Sometime between 15-Oct when the PPS was approx 004, and 31-Oct when the PPS was 002 the evil Shorts covered.
Why is there these "believes":
1. There are millions of Short shares from before the suspension, when the data clearly shows at most there was only 69K, and all were covered by 31-Oct-12?
2. A Short would hang onto their shares forever, so they could cover at 0001? Really... those 69K shares represent $11K total. Assuming the Short trade was timed perfectly at 016 before the suspension. The cost of covering at 002 would be $138. So a Short before suspension is going to hold on forever to get that extra $138? While their Broker is charging them monthly interest fees adding up to more than that? Uh huh.
The KMAG Short Conspiracy: 0 Short shares are going to get squeezed against 732M shares, forcing a KMAGinary cover. Wonder if this is suppose to happen before or after SEC litigation against Reid?
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