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Posted On: 02/21/2020 12:06:26 PM
Post# of 36541
Let me see if i understand how this is going to work Re: Shorts
So the dividend and NGIO shares will automatically be disbursed to the owner who loaned the shares as i understand. Now all the shorts have to do is buy low when the price drops on the dividend and return that share to the owner.
Actually seems to me like a nearly riskless proposition as the price is definitely going to drop to somewhere between .40 and .45. Short scoops up his shares at that price and returns them making a tidy profit. At worst they break even if Joe dumps a bunch of PRs?
What am i missing?
So the dividend and NGIO shares will automatically be disbursed to the owner who loaned the shares as i understand. Now all the shorts have to do is buy low when the price drops on the dividend and return that share to the owner.
Actually seems to me like a nearly riskless proposition as the price is definitely going to drop to somewhere between .40 and .45. Short scoops up his shares at that price and returns them making a tidy profit. At worst they break even if Joe dumps a bunch of PRs?
What am i missing?
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