NMGL - The beauty of the trap is that those shorting had to continue to short to protect the ask. With some recent developments amongst the market makers believed to be loading retail with counterfeit inventory, there may be an ordered and structured settlement coming.
Keep an eye out for further filings by NMGL. With gold trending around $1600, many believe a cash settlement for our preferreds puts us closer to $0.008 per common share of FFGO. That would be a liability of $1.6B for those counterfeiting up to 200B shares of FFGO.
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