Replies to post #5638 on Safeguard Security Holding (fka SSHSQ)

[Smilin_B]

shorts? I seriously doubt there are any shorts left in SSHS, and i doubt there ever really were.

The NIR Group (Corey Ribotsky) toxic conversion of debt to equity @ a steep discount is THE CAUSE of the downdraft in shares of SSHS.

Once the stock went to a ZERO bid for a couple of months, NIR group could no longer convert their debt into common shares and distribute them into the open market, for there was no one on the bid side to buy them.

So it became a stalemate. No bidders were willing to support and absorb the shares coming to market from NIR, so they just withdrew.

The fact that there are ANY bidders at the .0001 level is, imo, quite miraculous.

I'm taking a leap of faith in believing that NIR group and SSHS's new lenders - have come to "terms" whereby NIR ceases conversion and distribution of shares until a news catalyst stimulates the free market to up bid the shares on significant volume. Then NIR will resume the conversion and distribution of debt to equity -- but at what pace, no one knows but them.