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The dumb shorts panic posting dont want you to know how the note works. The conversion formula is based on the lowest closing price of previous 60 days of conversion (pretty much where it is now). The note holder will not make significant money unless the stock price go's up from here. Should see a ton of buying pressure before any conversions take place. Didnt anyone notice the shares available to borrow didnt budge after the note PR was released Friday? You would think it would be zero according to all the dillution fud the bears still holding short positions are spreading. They know buyers are gonna flood this and too risky to short atm. Sweet run brewing here GL!
Lots of spamming bears on all the other message boards. Looks like a lot of Chinese bullish boiler room posts too. Like I said on my other post. The conversion details of the note is almost identical to the June note. The note holder is going to run the shit out of this before any conversions take place. Shorts are scared stupid....They didnt see this coming.
Study the price action after last note was issued. Then read terms of note conversions to shares. This will spike just like early June. The note holders will be the ones driving the price up to increase profit margins when they begin convert. The dumbass retail shorts still haven’t figured out why the price spiked early June. The terms also only allow less than 10% maximum of current OS shares to be converted at any one time. This won’t be a one and done process.
Borrow fees now around 500%. MM dropped it just enough to trigger SSR for tomorrow. Popcorn ready!
Todays IHUB JEOPARDY:
Ken Jennings: "Something you shove up a short sellers *ss and take his money with"
BBLG jeopardy contestant: "What is a giant green hammer dildo on the daily Ken."
Tried to warn you about tight stops. This was on less than 200k volume. Should see a nice pop now that paper hands are out.
Borrow fees at 360% with zero shares available. This is gonna be wild!
FYI they will be be looking for tight stops........suggest you remove them.
Is that a giant green dildo of after hours death I see on the horizon?
Ummm not going to do all the heavy lifting for you.
Ummm not going to do all the heavy lifting for you.
Could easily see double digits if right conditions are met. Best set up in the market atm.
All the shares they borrowed including mine from 4 dollars yesterday have to be returned today. Borrow fee is now almost 300% with zero available to cover.
Spidey senses feel a PR is coming very soon.
I rarely say this and not financial advice. You should be loading the effing boat right now!
Not enough shares for the algo's........ slow grind up then boom!
I removed all my high sell limits on the way up. No surprise fintel is showing zero available to borrow. At 11: 30 I put them all back on........I dont believe I am the only one baiting the shorts. Settlement is now T+1 so all my shares will have to be returned by tomorrow.
Again all short interest data not to be trusted, its much higher. The evidence to support is the super small buy orders the MM will only allow to purchase. Then after purchase you cant set large high sell limit orders. They have to be multiple orders. They are desperately trying to control all buying pressure and at the same time making it difficult to not allow your shares to be loaned out. This will be a multi day runner without news.........One whiff of a PR ant stratosphere here we come!
Short interest is way higher than posted. The market makers wont let you place large buy orders or set large high sell limit orders after purchase. I had to place many individual high sell limit orders to keep these bastards from loaning out my shares. This will be a multi bagger for sure.
Read the SEC form 13's from last couple weeks. They were all Tranche A debt conversions. Thats how OS (Outstanding Share) count went from around 50 million to to over 400 million. Tranche A conversion price is .30 and Tranche B is 1.00. The Tranche B's will be used to defend more short positions if price should ever spike near 1.00. This practically guarantees that R/S is only way for this to regain Nasdaq compliance. Other problem facing Maxeon is a potential regime change after Nov elections. All the DOE loan guarantees for US green projects are stalled at the moment. If Trump is elected expect more import tariffs and DOE to focus on Nuke, Coal, Oil, and etc.
Granholm (DOE secretary) will be one of the first on the chopping block if there is a Republican takeover in Nov. The not so green energy gravy train will be over.
Facebook wont tell you the whole New Mexico project is stalled due to DOE not approving the loan guarantees yet. Nothing has been done and if republicans win in Nov., this project may be dead on arrival.
Dilution is about half over. Suggest you read the terms of the convertible notes. They haven’t touched the tranche B’s yet.
Seven hours ago the available shares to borrow jumped from 5 million to 10 million. Every time the shares available to borrow jumps the price dumps. This is the dilution in real time. They are clearly not done dumping conversion shares.
Idiots over on Stocktwits are all virtual high fiving. I quote "This is great news the dilution is over". No dummies the Tranche B's at $1.00 havent even been touched yet. MAXN has no chance of keeping compliance with the B's hanging over its neck like a razor sharp machete. The OS will be close to a billion after the B's are dumped.
The company is complicit in this Tranche A conversion dump. Remember the crappy fluff "sustainability" PR they released on July 9? This is fraud folks.
Outstanding shares are now close to half billion all from Tranche A conversions. The Tranche B conversions are 1.00 so basically this thing is kneecapped for dollar bid compliance. Reverse split or delist to OTC are only options left.
Yep ...from Maxeons own investor relations page. This will be sub .1 soon.
This is from the last 13G filed AH last friday. These "big guys" are not buying .......its all Tranche A conversions when the OS was 55 million. You have been lied to by fintel, ortex, and every other entity posting the SI based on the 55 million OS. It is now around 200 million and the "big guys" filing the 13G's are the ones shorting this.
"Percent of class:
As of July 2, 2024, each of WA and WGP was deemed to beneficially own approximately 8.9% of the Ordinary Shares outstanding.
Percent of class was calculated based on 55,705,553 Ordinary Shares outstanding as of June 19, 2024, as reported in the Issuer’s current
report on Form 6-K filed with the Securities and Exchange Commission on June 21, 2024, plus an aggregate 5,418,691 Ordinary Shares
issued upon conversion of Tranche A Note Adjustable-Rate Convertible Second Lien Senior Secured Notes due 2028 (“Tranche A
Note”) held by WA’s clients on July 2, 2024.
As of the date hereof, each of WA and WGP is deemed to beneficially own approximately 1.5% of the Ordinary Shares outstanding.
Percent of class is calculated based on 166,790,284 Ordinary Shares outstanding as of July 5, 2024, as reported in the Issuer’s website,
plus an aggregate 24,138,510 Ordinary Shares issued or to be issued after July 5, 2024 upon conversion of Tranche A Note held by WA’s
clients."
You guys need to find out who is shorting this. I did......thats why I sold. Hint.......the form 13's were all Tranche A conversions. The big boys that you think are "investing" in this are the ones shorting. The high volume was all algo's and Tranche A dumping. There is still a ton of unconverted bonds locked and loaded. All posted free float figures and SI figures are based on OS being 55 million.....you know this is incorrect. OS shares are now around 200 million.
Seriously hope you make bank. I was in for the squeeze. Dont see it happening. GL
The latest 13G page 5 item 4 part b.
"Percent of class is calculated based on 166,790,284 Ordinary Shares outstanding as of July 5, 2024, as reported in the Issuer’s website,
plus an aggregate 24,138,510 Ordinary Shares issued or to be issued after July 5, 2024 upon conversion of Tranche A Note held by WA’s
clients."
add in the 2,955,888 issued to whitebox and Outstanding shares now at around 190 million. All posted short interest percentage figures are based on OS of less than 60 million. This is false. Short interest is less than 20% based on the real OS count. That is why the borrow fees dropped to 70%. .30 keeps getting rejected because that is the Tranche A conversion price. I also read the last ER filed with the SEC its awful! The fluff earnings PR the company released was to keep you buying the Tranche A conversions. Sorry gotta post a bearish tag.
Here is the link to the actual last ER SEC filing not the PR. https://corp.maxeon.com/static-files/0fc2d027-419c-462d-ba77-ee6898109457
This is straight from MAXN investor relations page. " As of the close the close of business on July 5, 2024, Maxeon’s total ordinary shares outstanding was 166,790,284." Today is July 12. I told you the Short Interest numbers are bogus. Outstanding share count is likely more than double that figure now. Care to guess what cost to borrow was on 7-5 ????? Triple what it is now. This is no longer a squeeze play. Maxn isnt even on some of the most shorted stock lists anymore.
Back in for round 2. Expect a bounce from here.
They are not exiting their short positions. Short interest is dropping due to the .30 warrant conversions. The current outstanding share count must be well into the hundreds of millions for the cost to borrow to drop from 600% before July 4th to around 60% currently. Remember short interest is the ratio of borrowed shares divided by the outstanding issued shares. The current outstanding share count must be inaccurate for the borrow fees to be only 60%. Squeeze probability is now way less than 50%. My whole bullish position was based on factor of 10 math error I made calculating the in the money put contracts. I don’t believe there will be a significant squeeze. My avg was .178……I took my profit. GL.
You will also notice MAXN has been dropped from some of the lists of most shorted stocks. It was top 3 in all of them last time I looked a couple days ago. Again if this a squeeze trade for you, make sure you have an exit strategy. GL
After realizing my math was off by a factor of 10, I did some more DD. I no longer believe the short interest is anything close to what is posted as an accurate share count isn’t available. The constant daily jump in shares available to borrow I believe are the .3 warrants being converted and hitting the market. The evidence is the rapidly declining cost to borrow. It’s now sitting around 60%. This says short interest is rapidly decreasing as the warrants are getting dumped. Good luck to you but I am out.
Disregard my 300 million share post. Its 30 million. fat fingered an extra zero on my calculator lol.
Strong chance MM's try to take and hold .50 this afternoon.