Ugh, I always forget the Robinhood thing, but stil
Post# of 148187
I don't understand the whole BP accumulation scheme. Wouldn't accumulation SUPPORT the price?
--Fwiw we would see any 5% or greater accumulation of shares outstanding in a filing w/in 45 days of quarter end (qualified inst. investors OR passive investors). To my knowledge no one has filed that. Maybe they had 4.99% of shares out and are selling to stop each rally, but eventually they'll run out and in order to replenish, the stock will need to go up.
Reallypeople - financiers can absolutely short. Anyone can short. I just couldn't come up with a reason that they'd short like crazy and then stick w/ the same $10 convert strike. The amount they are making on the loan & interest + possible $10 conversion, it's in their interest for CYDY to succeed, not fail. That was my rationale.
HCIT -as for the mysterious shorters - they are hiding their tracks REALLY well given that short interest has stabilized for the past 1.5 months - https://www.marketbeat.com/stocks/OTCMKTS/CYD...-interest/
OR they are hiding the short interest in entities that don't report it to the exchanges...which is possible... The way in which you can try & reduce this is to opt out of your broker's short lending scheme or tell them to restrict your shares so they can't rehypothicate (aka lend) your shares. Some brokers may not give you that option since they make money by doing it, but you can always try.
I still think it's predominantly retail craziness which is oft exaggerated in OTC land.