It could be the best short selling ever, if there are MM's selling short.Everyone thinks that the stock has no where to go from here but a 15-1 RS would allow someone shorting this to rake in a pile of money if the RS happens and it falls right back down to where we are now for the cover.
Sell 1,000,000 shares short proceeds = 100.00
After 15-1 R/S, 1,000,000 shares = 66,666 shares.
Stock falls back to .0001
It would cost 6.66 to buy 66,666 shares to cover the short.
I am a preacher and I will not even have fun with the numbers that show up after a 15-1 R/S!
Just a thought.
BTW I am in this one. Not bashing, just thinking w/ my keyboard.
PAUL
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But godliness with contentment is great gain.
For we brought nothing into this world, and it is certain we can carry nothing out.