<<friendly hands>> I have some Bad News.
The company says there is a large short interest? Large enough to force them to put out a Press Release calling for the shareholders to call in their certs? (Sorry, but the illegal shares in the float thing is too obtuse for me. Your implication was astute, I'm new at this, I just started investing in the stock market last Wednesday.)
The news:
Short sellers must borrow the stock from someone who owns it. The only people that own it are the owners, and the only stock they own is the float.
So, if the company is telling the truth, and there is a big short position, then some "friends of the friendly hands" have loaned their stock to be shorted.
There's more to this, but I want you to answer my question about how you illegally short a stock first, OK? If you wish to retract the original statement, just say, "I'm sorry, I made a mistake, this is all between myself and my family now, it's a personal matter." |
