Aug. 13 at 3:31 PM
$QMCO Let me tell you the worst case scenario that might happen here (5% chance). Check out the history of the ticker
$SUPX I have shorted this crap from
$25 to all the way
$80 (painful). Just like
$QMCO , this stock sold warrants /shares around
$10 and I thought the stock must fall quickly. Well, these crooks were all in agreement to not sell it quickly. The difference here is
$QMCO has bigger float, Options and some reputable funds are holding it , more likely to take profit and avoid fraud. I am still guessing it may go up until Aug 21 to collect options premium (your puts will go worthless) but everything should unfold near and throughout September/October. Might be sooner if some funds get greedy and take profits early, in this case it will wind down faster.
