Btw - I can’t understand why joe was worried that PPS would be cut in 1/2 after dividend...yes, it would initially, but it should pop right back up....because if what happened after the 20:1 dividend happens again (during cc, Joe said after 20:1, PPS got auto adjusted to .87 then it shot up to $3.25 on the same day...that’s probably because shorts covered?
In any case, wouldn’t you expect something similar to happen if the 1:1 happened? If anyone have thoughts regarding this, please enlighten me.
Thanks!
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