" CMKX increased the O/S 300 billion and sold those shares to Citigroup for a fixed price (lets say .0005 for example) in order to help cover some of their short position. Also with the agreement that CMKX gets to buy the 300 billion back for a fixed price (lets say .0002)"
So first Citi buys 300 Billion to cover their *short* at .0005 & then agrees to sell them back to CMKX at .0002??? That seems kind of STUPID to me!! They would be losing a shitt load of money & they would STILL be short. How does that make sense? I must of missed that day in Investing 101.