My broker also called me yesterday & said he had to call in the shares. He never seen anythink like this in 15 years of his career. Very abnormal situation.
I am sure my short position has been closed today. Its intereresting to note Datek does not have the same problem.
I write emails, faxes, and call on SEC to help many times. The NASDAQ somehow does not want to get involved. SEC is currently investigating SCMM big time for inside trading & manipulation. I heard SCM is deliberately & artificially keeping price up in Germany... so they will dilute 3 mln shares at high price.
BIG QUESTION: WHERE ARE THE 3 MLN FLOATED SHARES NOW?
It seems only very small percentage is traded everyday on the NASDAQ and Germany (i.e. 50K ~ 100K). So, .. who owns the majority of the float? Who owns the rest of the 10 mln shares?