(Total Views: 399)
Posted On: 10/24/2018 4:02:26 PM
Post# of 72445
As I've said many times, NO ONE knows who is selling, or whether it is shorting, or whether it's naked shorting.
Here's what I do know:
A multi-family office that is willing to put as much as 10 million bucks into this company knows all about what's going on in the company. WE know that there could be any number of catalysts in the next days and weeks. THEY have more information that we do.
Does it make sense for a MFO to put money in a company, going through all the convoluted paperwork that this kind of deal entails, and then they decide to short the stock (as you posit) in order to make a few thousand bucks? Even 100k profit is not worth it for them, when they could make a 10% dividend by investing in certain of the Business Development Corporations, or 4% dividends from various blue chip stocks.
Why would anyone go to this incredible hassle for small profits that they could make more easily with quick and easy investments?
It's much more likely that they are investing because they see this as an opportunity to make huge profits.
I refuse to be drawn into a discussion of what someone thinks someone else might be doing. We don't know.
But what we DO know is that shorting this stock for pennies would be a ridiculous move for a MFO just to make small profits.
Here's what I do know:
A multi-family office that is willing to put as much as 10 million bucks into this company knows all about what's going on in the company. WE know that there could be any number of catalysts in the next days and weeks. THEY have more information that we do.
Does it make sense for a MFO to put money in a company, going through all the convoluted paperwork that this kind of deal entails, and then they decide to short the stock (as you posit) in order to make a few thousand bucks? Even 100k profit is not worth it for them, when they could make a 10% dividend by investing in certain of the Business Development Corporations, or 4% dividends from various blue chip stocks.
Why would anyone go to this incredible hassle for small profits that they could make more easily with quick and easy investments?
It's much more likely that they are investing because they see this as an opportunity to make huge profits.
I refuse to be drawn into a discussion of what someone thinks someone else might be doing. We don't know.
But what we DO know is that shorting this stock for pennies would be a ridiculous move for a MFO just to make small profits.
(8)
(0)
