Wrong, there are 2 ways to initiate a short positions out there:
1. Legal shorts where one has to borrow shares from an existing long share holder to sell the shares to open a short position. The number of these MMTLP shorts position shares is 6.5M as we said earlier. When you close these positions you buy the share back and return them to the person you borrowed from that enabled you to open the short position. These short positions I am sure have been covered and closed way before Dec. 9.
2. Its the illegal short positions that equal 300M MMTLP shares due to illegal Nake Shorting originated positions by HFs are required to buy these shares back and close out these illegal short positions without returning the shares to anyone since the shares that were shorted came from thin air and when they are brought back go back into thin air to close a negative count in the ledger of the number of open short positions held. So, if FINRA did not HALT the trading on Friday and Monday any short buying shares would be a Naked Short being legally closed with shares going into thin air or just erased from the books. Since FINRA HALTED trading on Friday and Monday all Naked Short positions are now open and now can not go into Next Bridge private shares and these holders get to walk away with stolen money to the tune of 100% shorting profit. If this is allowed to be swept under the rug and nothing is done about it then many lawsuits will come out. There is already one lawsuit pending regarding this issue of FRAUD and THEFT. I plan on reaching out to a lawyer for my shares if I do not get Next Bridge shares or get paid what I want for my shares by my broker.
Wait and see, this will get very spicy soon. Anyone now holding naked short positions or even regular short position that is now open. Should be worried we are coming after you if you don't close this short position at any cost and expect FINRA to protect you. They will throw you under the bus once Congress gets their teeth into this thick criminal conduct.
Remember this, "Pay me now and the price is small, pay me later during a legal FRAUD/THEFT lawsuit and the price will get much more expensive".
The good news for the longs we will probably get the price we want. The bad news for the shorts they can not go to the market and buy back the shares to close their short position because FINRA made it impossible for them to close their short positions. FINRA is both their friend and their enemy in the long run that will bring them down.
Lesson here, when you short a stock you get infinite loses and finite gains. When buy a stock or go long you get finite loses and infinite gains. Which side do you want to be on, friends.
Shorting is way to risky of a play for the market. Also shorters believe they fool some of the people some of the times, but not all of the people all of the time.
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