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Replies to post #131418 on TAP Real Estate Technologies Inc (RWAX)
NoMoDo Re: EmpressMonk25 post# 131409
Thursday, January 16, 2025 11:18:39 AM
This is an area I am not familiar with. I once saw a long video supposedly done by hedge fund managers - was floating around the internet. The bottom line was that brokers not wanting or able to cover their short positions might "trade papers" showing that the position was covered, but somehow in the shuffling of papers, they managed to make the shares accounted for - vapor shares - or a similar term.
I have no idea if that is true. They sounded convincing, but the people who claim the earth is flat sound convincing as well until you think about it for 30 seconds. If there was an illegal stock shorting of HMBL, it would stand to reason that there could be major manipulation in the buying and selling to cover.
What I do know, is that this is the only stock that I have ever seen where they had major TOXIC debt - about $60mil worth, and they were able to get rid of it without reverse splits and a major lawsuit claiming usury. That alone gives me great pause.
I also know that someone bought up about 30 bill shares of dilution and the price didn't drop to .0001, no bid, or cease to exist. How often has that EVER happened? If someone KNEW for sure that HMBL was going down, they may have been an easy target. If someone else ruined their plans with a crazy plan that regular people never thought of, it is possible that someone is in a world of hurt atm with a short position that cannot be reasonably filled.
Tenkay simply says that retail bought up the debt in record time. That they sat on the bid with 3bil shares for a year. That they were buying at the ask as fast as the companies could dilute. I... don't think so.
I am not a conspiracy theorist much, but what you are suggesting is far more plausible than his explanation. If you were right, and I am not saying you are, we would have to see a couple billion share days in the mix. A lot of half billion share days. 😮<--- did i do that right ten?
AI
