Nearly every stock which is ultimately going to Zero has several "takeover rumours" which ultimately come to nothing.
A premium is unlikely to be more than 20 percent but rumours can cause 50 percent price spikes.
You have to remember the instos who bought at $1.90 when there was already $500 million if convertible notes on the liabilities of the balance sheet, would have been privy to the latest financials and in no way shape or form could expect to see any price appreciation from $1.90.
Its a complete pointless exercise I them shorting 75 million shares to Zero as they would be lucky to break even.
So in my view they will short the 75 million time after time after time.
They need to recover $2.50 a share to make it worthwhile so need the sum total of price fluctuations to equal this rather than a straight line to Zero .
As it comes to expected completion of Sezzle and it does not eventuate we will already have another horrendous report from both companies and at this time they will probably short it to Zero
Nearly every stock which is ultimately going to Zero has several...
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$1.65 |
Change
-0.040(2.37%) |
Mkt cap ! $1.858B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.60 | $24.14M | 14.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 144386 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 170543 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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