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KelliBlue

03/22/18 11:37 PM

#16667 RE: pantherj #16666

Unfortunately we explain this until we’re blue in the face, but most penny flippers still don’t get it.
The part that bugs me is when guys who i know for a fact know better and they’re posting about shorty. Obvs attempted manipulation

la_trader

03/23/18 2:34 AM

#16672 RE: pantherj #16666

pantherj ==> an excellent post / well stated. now if only we could turn you into a RJDG bull. :D (kidding)

It makes no sense whatsoever. The most a short could make on RJDG by shorting 10,000,000 shares (as of today) is around .013/share if the PPS dropped to .0001. In the meantime if the PPS goes to .03, .05, .10 the short would lose monumental amounts of money trying to cover. In the meantime, the shorter would have had to put up $2.50/share for the privilege 0f taking the most asinine risk conceivable.

Actual #s: Short 10,000,000 share. Possible profit: $130,000.00 (less costs)

Possible loss at .05/share = $370,000.00
Possible loss at .10/share = $870,000.00
Possible loss at .25/share = $2,370,000.00

That doesn't even include the costs incurred putting up the $2.50/share ($25,000,000.00)

BTW, GRUB!!)

uglypug

03/23/18 6:59 AM

#16675 RE: pantherj #16666

Thank you for taking the time to use your calculator, I know that required some effort. But that's really not the discussion here. You're saying that an apple is an orange because both are sweet. While true, it has nothing to do with the reality that most of us live in.

Homebrew

03/23/18 9:35 AM

#16680 RE: pantherj #16666

Yup, imaginary shorting myth still popular. "Doing the math" as you did shows how it doesn't make much sense.
Only 84,260 short according to FINRA, which is insignificant
http://otce.finra.org/ESI