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sunspotter

04/29/13 11:11 AM

#5209 RE: Joncubano #5208

"Although the market is the market. If the brokers need to cover and there isnt that much stock out there, relative to the short, then this thing could go 100 times more crazy in the opposite direction. I believe that this is whats happening with 100% accuracy."

Nonsense.
The short interest on BOPT is negligible, and there are zero FTDs:

"Short Selling Data
Short Interest 39,021 (446.74%)
Apr 15, 2013
Significant Failures to Deliver No"


http://www.otcmarkets.com/stock/BOPT/company-info

You can be sure that whatever the reason for BOPT's FINRA imposed trading halt, it will not be to the advantage of existing shareholders. One way or another it will relate to malfeasance by BOPT's "management".
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narnia1000

04/29/13 11:21 AM

#5211 RE: Joncubano #5208

If/when it re-opens, the initial trading prices will tell the tale.
If it opens at a dollar, then you know the theory has merit because the market-makers will be wiped out unless they can get covered as low as possible, and a dollar would certainly entice a few sellers, but if the short number (through whomevers fault) is completely inaccurate, then the price would rise very rapidly because massive losses will be incurred until they get flat, and yes, many would not survive a scenario such as this.
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risk on

04/29/13 12:45 PM

#5218 RE: Joncubano #5208

I like the way you think, one must consider all possibilities. Will it happen? Who knows, but .... We shall see