Replies to post #20690 on BIH Corporation (fka BIHC)

[nervous]

Coaldollars says he has 16m
Galo/Bihc has repurchased 15m
I have several hundred thousand
many of you say you have 1/2 m to several m
I estimate 40 m to 50 m outstanding based on the above but the float is at most 24 m because I have the 15 m in the above numbers.

most everyone is saying that they are holding firm and not selling. In fact, it seems that many continue to buy on dips.

I understand naked shorting, and shorting, but this seems to be more than I expect. To put it another way, we could have 10m float (9+ m rounded up)and 35 m shares in our hands on this board. There has to be people on other boards or no boards that are long on BIHC. So I can well estimate 50 m in longs, but only 10 m in actually float.

I was on another hub the other day (RDWG) when the boards got pounded down. Management said they did nothing with o/s or a/s. They said it was shorting. Whatever it was, it was 900 m shares in a few hours. I saw screen after screen of 9m transactions.

I guess anything could happen, but i would think that even the SEC would step in when they see millions of naked shorts in an individual company. I realize the SEc see millions of naked shorts everyday. But this I mean the certificate etc is not delivered in 3 days, but to have so many coming form BIHC or RDWG or some of the other hubs I go to seems to defy imagination.

I am long and holding, but the numbers don't add up for me. I think the facts and other information make a strong case for BIHC, especially since we know about Barons. But the numbers don't add up.

[Carpedeim357]

Coal pretty clear we have large naked short mms need to cover. That is easy to know from volume buying June 20 to July 3rd vs volume after that. Then seeing how it has traded with spike July 25 and since. MMS are the only ones Sec says can naked short stocks and they do. With all the short sales before June 26 with that volume they got caught when cash div became part of news to come. They are not used to deadlines abd have not been short selling since. YOu can see it on levels they find sleers then fill buys. If we had more buying we have another sudden spike as they find sellers to fill buys. When they don't worry about covering with any deadline they sell naked short all they want. That ended here when June 26 PR said cash div. That is why with news this will jump very fast when buying floods in. More then most runs we see because with most runs they naked short. Here they will need sellers to fill buys.