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Posted On: 02/15/2020 8:02:07 PM
Post# of 36549
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.
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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.
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