Replies to post #22888 on Ngen Technologies Holdings Corp. (fka NGRP)

[Carini]

I was just about to say, just because they haven't called in the conversion yet doesn't mean they haven't been selling those shares as IOU's to fill with a call after hours or tomorrow, then they can settle today's trades and sell the remainder of their stash tomorrow. Today's trades have until Tuesday to settle technically... will be interesting to see what the short volume report is and whether we see any 5-digit net trades print

[Carini]

Note they didn't run that 32MM net trade settlement until 30 minutes after they called in the conversion...

So I'm thinking they sold those shares short this morning, then called in the conversion and settled from the new batch. Would make sense because they should have just about run out of their 52MM from last Wednesday yesterday or first thing this morning.

Which would mean that even though they converted another 52MM today, they already have sold 32MM of those, leaving only 20MM to go...

It's gonna be a good August IMO