Replies to post #45200 on XpresSpa Group Inc (XSPA)

[Ipittydafoo]

Sorry I don't quite get this....

"where a share purchase is immediately offset by selling an in-the-money call option, to cover short positions broke rules requiring all short sales to be backed by deliverable shares"

1. It says a share purchase - so shares were purchased

2. Wrote an in the money call- so a covered call

3. How is that creating a synthetic short position?

What am I missing?

[tste9]

Red; for what its worth, I logged a complaint, on any improprieties, etc, online with the SEC.,on this subject.
I'll get back to you.

[burgerbaron]

Very interesting but do you think that could occur with such a small stock.They where talking billions of dollars in trades on large co's. if i read it correctly.I would think that type of volume and if they did it on a smaller scale would it be worth it to them with such downsides if caught.Traders and crooks always find a way to beat the system but if I am going to go away for 10 yrs I am going after a big hit not steal a ham from safeway.So i just again do not see it as obviously the sec is aware and watching for it and the amounts needed would be glaring to them.imo.