Well, we know a couple things from the filings.
Post# of 72440
(Total Views: 442)
Posted On: 05/24/2020 9:46:32 PM
Well, we know a couple things from the filings.
The outstanding share count increased ~48 million in the Jan-Mar 2020 time period. It also increased more since then per the 10Q.
The MFO has not filed a statement of beneficial ownership (at least 10% of the stock). This means the MFO holds less than 27 million shares total.
The Mako attacks occurred when the stock price was well above $1.
Why wouldn't they have covered by buying in to close their shorts during this period of massive liquidity? At any price IPIX has hit in 2020, Mako would have made a massive profit by covering. Why would they hang on for an extra 20% and no taxes when there is a chance they could get blown up by COVID testing.
The only plausible explanation is that their naked short position is much more massive than that say 50 million shares.
The outstanding share count increased ~48 million in the Jan-Mar 2020 time period. It also increased more since then per the 10Q.
The MFO has not filed a statement of beneficial ownership (at least 10% of the stock). This means the MFO holds less than 27 million shares total.
The Mako attacks occurred when the stock price was well above $1.
Why wouldn't they have covered by buying in to close their shorts during this period of massive liquidity? At any price IPIX has hit in 2020, Mako would have made a massive profit by covering. Why would they hang on for an extra 20% and no taxes when there is a chance they could get blown up by COVID testing.
The only plausible explanation is that their naked short position is much more massive than that say 50 million shares.
(0)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
Scroll down for more posts ▼