We can only speculate right now. WHEN and I do mean when the ticker trades again there is certainly enough info right now to expect a run up. Your calculations add to the fire.
I know so little regarding the rules for short to cover. SEC regs are a mysterious place to tread when you don't know. In fact, the rule makers have their own agenda and provide a lot of grey territory so that the 'low life common shareholder' doesn't ever know.
If my assumption above has merit, I would think something is available to circumvent the debt shorts now hold. We really have no idea how this will end or what turn of events will give the shorts an out.
Quite frankly, this whole fiasco of LAHO being revoked MAY be as a result of short debt. Remember LAHO's pps was spiraling UP when this all started.
If LAHO had gone to the grey sheets as the regs would indicate, shorts would no longer have any difficulty replacing borrowed shares at lower pricing.
Instead, LAHO zapped them by skirting the grey sheets. Marvelous! But I remain hesitant to believe shorts won't have another trick up their sleeves. SEC AND BROKERS will work diligently to provide one.
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