Strange how all those shares got dumped into the market just a week after we busted SRGE for up'ing the A/S HALF A BILLION shares right?
I mean just one week later and the stock plummets!
With the TA being gagged the whole time I guess it didn't take a master of stocks to put 1 + 1 together. But we know, we know.. SRGE would have never diluted... it was always "shorty"...
Yup all the shorting went on before SRGE went on to the grey sheets. More than 209m is the figure here. But the entire outstanding shares are only 545m, of which there are some very substantial shareholders who are just waiting to see what happens.
If the shorters haven't covered they will have to very soon. Just as soon as the price goes above what they short sold for, they will be in trouble and be chasing the ask!