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Simply put, more days to cover means, other things equal, that the short positions are collectively larger relative to daily liquidity.
Think of a sponge that can hold only so much water. That is daily volume. If you have a small bowl of water (the short interest), two or three sponge-fuls can sop it up. However, a bucket of water would take a lot more sponge-fuls.
Shorts will need to pay up to buy a bigger sponge.
If BRLL is already public then it doesn’t need ASKH. The only asset ASKH has is the public listing.
All right! Now we have another countdown clock, counting down to the next countdown clock.
Not any more.
Groundhog Day
A short announcement will be announced shortly.
I think the guys selling shells have more to lose if deals don't get done.
Two reasons. First - they are looking to bring in money, while the private firm would have to spend it. Second -the shell sellers would see their asset diminish in value (tangible cost), while not being able to buy a shell would be an opportunity cost for the private company.
One factor that may be in play that has not been discussed is that, if there truly is a March deadline regarding shell companies, this creates a "buyer's market" for those private companies looking to go public. The longer they wait, the better deal they are likely to be able to get when they buy a shell to r/m into.
You could argue the flip side, that private companies looking to reverse merge will feel urgency and bid up shells, but I don't think so.
The owners of shells have more to lose if they don't get a deal done by March, and there are LOTS of shells out there. The value of that public listing diminishes significantly after March, while a private company can continue to operate privately as long as need be.
One more thought - if a private company wanted to r/m by the end of December, so as to operate and report all of 2023 as a public company, we would have already seen those announcements. I doubt we see anything here (or with other shells, for that matter) in 2022.
There is no deadline. Many of us have been waiting for years. While I am hopeful, I remind myself every day that there is no deadline.
I'd love to see something happen but I'm not holding my breath.
At least there's some movement...:)
thank you. I have put HLTT on my radar
What HLTT did not say was whether the revenue would be recurring or not. THey indicated that for the to acquire a company already generating revenue wa not be be expected.
To be fair, the first one was very close.
How many Buffalo Bills does it take to change a tire?
One. Unless it's a blowout. Then they all show up...
That won't happen. The OTC Markets updates come out around midnight EST. There are no intra-day updates.
I was referring to any linkage between Fidelity allowing MMTLP trading on mobile and the closure of the go-private deal in a week or so. The previous poster had implied that Fidelity would not open up trading just for a week or so.
As for MMAT and MMTLP being linked, I agree they seem to be moving in lock step, but I don't know why. Buying MMAT does not get you MMTLP or vise versa - that ship sailed long long ago. It may simply be that the same parties taht are short MMTLP are also short MMAT, and they are closing out both positions as the MMTLP go-private date approaches.
If our leader is missing would that be a misleading persons report?
So what else is new?
Because the two are in no way connected. Fidelity allows MMTLP to be traded based on there being a request for that and/or MMTLP meeting certain criteria. It is not "forward looking" at all.
Glad your family is ok.
I too have some RIBS shares. The difference there is that Unger bought the shell (from Synergy, I believe) with the express purpose of finding a r/m partner to bring in, whereas there has never been that commitment (or any other sense of purpose) with ASKH for many years.
OK, I'll give you that one :)
That would work for me.
Of course they can keep them open.
All I did was copy the url out the address in my browser window and paste it into my iHub post.
Just cut and paste the link into a post here. Even if it does not show as a true hyperlink here we can easily just copy and paste the link into our own browsers...
Thanks GG. I guess a second-hand warm fuzzy feeling is better than nothing...
Shareholders of record are determined at close of business each day.
I have some December class purchased long ago that I need to roll out.
Me too. The round numbers - 1000 contracts, strike 20 - suggest you are right - someone was looking for a quick fill and wanted to make sure they get the full position they want.
You think Reynolds is (still?) thinking a Chinese partner? Is that stance softening?
Good - we really don't want a stinky Chinese company if there is a choice.
Remind me to never again buy a company where the CEO has a private company in pretty much the same line of business. It is a recipe for double-dealing.
I got mine about a week ago at Schwab.
Unfortunately, there is nothing to say as nothing is happening.
I love the enthusiasm but that strategy might well leave you waiting at the altar...
At this point, some of us would settle for shareholder hieroglyphics...
Even yet another nothing burger from ASKH is better than talking about the Cowboys...