"No, no, and no." Leo Ehrlich's reply to a questio
Post# of 72447
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Posted On: 06/14/2017 1:30:15 PM
"No, no, and no." Leo Ehrlich's reply to a question about whether there will be a reverse split.
There will be NO reverse split. A reverse split does nothing good for funding of a company. All it does is make it easier for individuals to short the stock. Most individual traders are not allowed to short stocks that trade for less than a dollar -- some brokerages won't let individuals short stocks under 2 or even 5.
This is why they ran the stock up over a dollar -- so they could short again.
They're so screwed, in the long run.
We're up to nearly 600k volume now. I know that some of it is real investors, really buying -- because they've PM'ed or emailed me their trades. Some of it is short covering, and some is new shorting.
Go ahead, fellas, short away. It will make it all the sweeter when you can't cover in the short squeeze to come -- because we real investors won't be selling any to you.
There will be NO reverse split. A reverse split does nothing good for funding of a company. All it does is make it easier for individuals to short the stock. Most individual traders are not allowed to short stocks that trade for less than a dollar -- some brokerages won't let individuals short stocks under 2 or even 5.
This is why they ran the stock up over a dollar -- so they could short again.
They're so screwed, in the long run.
We're up to nearly 600k volume now. I know that some of it is real investors, really buying -- because they've PM'ed or emailed me their trades. Some of it is short covering, and some is new shorting.
Go ahead, fellas, short away. It will make it all the sweeter when you can't cover in the short squeeze to come -- because we real investors won't be selling any to you.
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