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ID Supermoney

07/07/10 8:20 PM

#135457 RE: Tavycal #135451

Actually MM's CAN-SHORT-AND-COVER these shares at No BID!!

How??

Well say a company or a big shareholder has 2 billion shares!!

And he or it wants to get rid of these shares!!

He or the company go to a MM and say guess what I will sell you all my shares at $0.00005!!


The MM says OK I'll take them!!

The MM then goes on the market here and sells a short share at $0.0001 to a shareholder!!

The common shareholder buys the shorted share at $0.0001 at no bid!!

The MM then buys the Company or shareholders share at $0.00005!! Also at no bid!!

And guess what the short share is now covered!!!!


The shareholder is happy he bought at No Bid and the MM is happy he made 50% profit on the short sell!!

On 2 billion shares at $0.00005= $0.5 million!!! For the MM and $0.5 million for the big shareholder or company!!!


Reason they can do this is that trades at $0.00005 are STILL RECORDED at $0.0001!!


Ingenious for the company and the MM

The shareholder is the loser!!!

TODAY shorts 32 million out of 110 million shares

MM's covered the 32 million!!

And MADE $0.00005x 32 million = $1,600.00

Money is money!!!

ID