Mach. I agree with you. The obvious is that the MMs are not shorting a shell company. But my question is not how this shell company got to be .35. But rather Why the MMs would allow a shell company to soar to .35. Hypothetically, by the MMs allowing SGGM to soar, they are possibly setting themselves up for a disaster.
I firmly believe, and I have stated this in one of my previous PRs a couple of days ago, that the two most important plays are CIM and SGGM. Not UCAD or GEMM.
Why?
CIM is private. The MMs do not have any control over this company and IMO will probably never get their hands on it. Any short on CMKX will reflect on CIM at a later date. Remember CIM has given CMKX 40 billion shares to CMKX. Also, remember that SGGM will give 200 billion shares of stock to CMKX, which is yet to be determined. We do not know what CMKX o/s is, but if you figure that the o/s is 700 billion, then what you have in turn is a 3.5 to 1 split of CMKX to sggm, and 18 to 1 split of CMKX to CIM (private holding). It is safe to say that this is our worst case sceneraio. - IMO. By assuming that CIM goes to an amex board at lets say 3.00 per share then what you will have is roughly 120 billon dollars worth of naked shorted shares. (Taking into account the discrepancy between two dividends that have already been disclosed.. ). SGGM becomes even more dangerous. Why? Because its a shell company. IMO, it could be worth literally nothing. And yet, the MMs would also be short 200 billion shares by whatever the market price is. Today the MMs allowed it to run to .35. So back to my question. Why let this stock run?
Regardless of whatever side of the fence you sit on, IMO something is definetley brewing. Sggm is very intriguing, and I am licking my chops at this one.
Good luck to all.
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