"An epic short squeeze to be sure. No wonder why the major buyer kept their shares in certificate form so they can't be hypothecated by a brokerage company for lending to deliver as short sales. They will have to buy REAL shares for delivery."
Hate to break it to you What, but there's a better-than-average chance we will see an invasion of martians here in North Texas before we see a short squeeze of "epic proportions" with FFGO.....
"FYI: definition of hypothecation- Collateralizing arrangement in which neither the possession nor the title but only the right to sell an asset or property passes on to the creditor or lender (called a grantee). Arrangement where the grantee has the possession and right to sell, but not the title, is called pledging."
Check this out...for further reading....
Generally, a hypothecation is a contract which pledges or creates a lien on collateral to secure a debt, where the debtor keeps possession of the collateral. The arrangement is common with modern mortgages and the financing of business equipment and some consumer goods purchases - the borrower retains legal ownership of the property but provides the lender with a lien over the property until the debt is paid off...."
News 
Market Data 
Discover 
