Whether one called it suspended or halted, it means there is no trading on the previous exchange where SRGE traded which was the OTCBB. There is no trading of SRGE shares on that particular venue.
However, if you read the latest news, there was a venue change to the Grey. SRGE is allowed trading there.
Guess what? There is no trading there because SRGE longs have either pulled certs out of the DTC or are not offering shares for sale on the grey market.
Guess what? This means there is no opportunity for those with a short position on SRGE to cover.
Guess what? This means anyone with a live short position is going to get margin pressures and will have to pay one way or another
Guess what else? The only people safe here are SRGE longs.
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