(Total Views: 326)
Posted On: 02/15/2020 8:02:07 PM
Post# of 36568
Busybee the issue with that is even though the share price goes down to 5/7 times price, the share count goes up. So the shorters will owe 7/5 shares that they shorted. So they are able to buy them back cheaper but they will have to buy more shares. So with all that buying, you could see a short squeeze and price jump.
(1)
(0)
Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
