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lonewolfe1586

06/29/16 8:32 AM

#25588 RE: Urbanlegend #25587

Wouldn't some start to cover causing the price to rise more, then the ones that are left out to dry would cause the price to continually rise, it's been shown that many stock owners on this board are boom or bust....

Also with a stock halt, doesn't that cause a gap up until shares are covered? I feel like you want sympathy for people that bet against the stock illegally, I don't think you will find it here... I agree a revenue producing contract will be an interesting ride

Stewguts

06/29/16 12:05 PM

#25593 RE: Urbanlegend #25587

"What exactly would happen if off side shorts can't cover their positions? I think a trading halt for irregularity and a frozen market."

This is an unlikely scenario as TMMI has a broad base of shareholders and not your typical tightly held shell company that could be prone to manipulation.

"Naked short squeezes are not like legitimate short squeezes."

I disagree with you view on this, I see little difference between the two acts. Whether the initial short position is legitimate or not, should TMMI deliver on a revenue producing product then there will have to be a reconciliation of the offside positions as a normal course of action. It would be hard pressed for regulatory bodies to be seen as overtly protecting what would be in contravention of their own rules with regards to naked shorting (which by the way is legal) as a form of manipulation which is clearly illegal.

p.s. A moron you're not, but I do hope that I have helped some blind mice in the room. ;)