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No, your "buddy" filed a 13G when his private equity firm purchased 9.3% of YOTA stock, apparently just to vote "No" to the merger with NSI. You should probably lay off the sauce.
I remember the mantra was "no revenue." Now it's "dismal revenue." The goal posts just keep moving.
If the COO of Polar Asset Management is against the SHMP - YOTA merger, why did they purcahse 9.3% of the common stock months AFTER the MDA was announced? Steve Stack's admission that he has been speaking to the COO of that company while negatively posting on this site about NSI raises a lot of questions. Why would the COO of Polar Asset Management even be speaking with Steve Stack about the NSI-YOTA merger? Did Polar Asset Management disclose to its shareholders that it invested their money in a company whose sole purpose is to consummate a business transaction, just to vote "no" to that transaction? Something is off.
::face palm:: Incorrect. It has to RELATE to the company, it does not have to COME or as you say "EMANATE" from the company. Where it comes from has no relevancy to whether or not its MNPI. It has to do with "insider" knowledge (i.e. not readily available to the public) and whether such knowledge is material to the PPS. It's 100% a fact analysis. I'd argue here that Polar, being a 9.83% equity share holder of YOTA (requiring filing of a 13G) AND presumptively privy to matters material to approval of the MDA with SHMP, is an insider.
Why did they buy in Feb 2023 (MDA in Oct. 2022) if "never for the deal"? What about the other 91.7% of shareholders? Where do they stand?
Man, I don't see a 13G filed by YOTA. Is this Material non public information?
All those things were speculated upon when the stock was at $.19 back in October '22. With no material developments (other than time) why would folks who bought at $.19 sell at $.05? Tell me, who is reporting open short interest to FINRA? Do you believe FINRA is lying when it reports open short interest in SHMP?
To clarify, but for the unavailability of shares and your long position, it would have been a "go" to short SHMP at TDA?
Then get a statement from TDA that they don't lend OTC shares for shorting. You ask for lots of evidence to disprove your assertion, but offer ZERO evidence to support it. That's intellectual dishonesty at its finest.
Oh really? What's changed? Your messaging hasn't changed so I can't imagine there's been any material difference between pre merger and post merger. Again, intellectual dishonesty.
No, they won't. Go read the YOTA prospectus. YOTA equity will take a haircut if the deal does not go forward. It's at least 20%. This is how I know you don't know what you're talking about.
Why is investors in ""? Are you denigrating me personally?
It's not my allegation that NO BROKERAGE will lend SHMP shares. The burden of proof is on the person making the allegation.
Are you also suggesting FINRA is lying? Bold accusation with NO evidence. Defamation is the tool of SHMP "non-investors"
It doesn't prove there are no shorts. c'mon man, you're being intellectually dishonest.
"The market action seems to believe the SPAC deal is not happening or is happening on much different terms... If the SPAC votes no, smart money knows the stock price will get cut in half in a week or less and will probably reach historic lows within about a year since the 2015 merger of 1/2 cent."
Yet the SPAC (YOTA) itself is trading .20 over par. You make no sense.
"Note the absence of volume for a while now." WTF are you talking about? This was the daily volume on 2/28: 9,621,675.
"No buying. When you have little buying and toxic conversions, stocks usually go lower."
Someone is buying all the allegedly new shares being dumped by the corpration (per UD).
You yourself admitted the price action doesn't make sense. Joshy stated the stock is worth .14 after the merger announcement. Give me an explanation then that doesn't completely contradict your or Joshy's prior statements.
"https://otce.finra.org/otce/equityShortInterest"
go ahead and type in SHMP. See for yourself. Now I'll expect for you to survey EVERY brokerage to prove your position.
Also from FINRA: "Equity Short Interest
Equity Data
Description:
FINRA publishes the short interest reports it collects from member firms for all exchange-listed and over-the-counter equity securities [emphasis added]."
EVIDENCE: https://www.finra.org/finra-data/browse-catalog?field_categories_target_id%5B0%5D=151641
You were saying?
That is not a fact. It is an assertion with no evidentiary support.
In fact, the evidence runs contrary to your assertion.
FINRA "requires firms to report short interest positions in all customer and proprietary accounts in all equity securities twice a month."
EVIDENCE: https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest
FINTEL.io compiles the reporting information and puts it on their website (some free, some paywall)
EVIDENCE: https://fintel.io/ss/us/shmp?__cf_chl_tk=hb4NrV_vtMzkNjY85tQH5.WXcHjrC2r5599.VKzCWE8-1678281193-0-gaNycGzNDGU
Until you can prove Fintel.io is lying, you're "fact" is sheer conjecture.
It's not my place to disprove your assertion. You can go ahead and disprove mine. Burden shift all you want. Saying it's at 6 cents because of shorts is my opinion based on information readily available to the public. If you want to argue no brokerage would lend SHMP shares to short, you better start surveying every american brokerage. Will take you awhile.
up to $1.17. Risk for borrowing shares seems to be going up very quickly. hmmmmm I wonder why.
prove it.
To dump on the market. i.e. short. You answer your own question every day.
Just look at those short borrow rates go:
Date Start Min Max Latest
2023-03-08 1.12 1.12 1.12 1.12
2023-03-07 1.04 1.04 1.12 1.12
2023-03-06 0.91 0.91 1.04 1.04
2023-03-03 0.91 0.91 0.91 0.91
2023-03-02 0.81 0.81 0.91 0.91
mmhmmm
Tell me there's not an organized effort:
Jacky on Yahoo message boards:
"Jacky
2 hours ago
Bearish
My understanding is that LaLost Texas “pilot” facility is in mothballs, not to mention insurance proceeds and the are better off focusing their developments in Iowa.
I really wish these guys success though with EASTERLIED at the helm, Bilky at his side, and Utterlydumb pulling the levers I don’t expect much.
Their 22+ years experience should tell it all - They do have plenty shares for sale , though none with Chef Doobie’s cocktail sauce"
Look familiar?
Over the last three trading days, short sale volume (off exchange) constituted 49%, 47% and 32% of total trading volume. I wouldn't call that "tiny."
Which one? SHMP Board already voted and approved. YOTA board already voted and approved. SHMP common shareholders don't get a vote. If you're referring to YOTA common shareholders, go ask the YOTA ihub.
If the SPAC votes no, it winds up and anyone who bought YOTA above $10 gets a nice 20% haircut. But you believe they'll then buy into an equity position in a collapsing NSI with, as everyone argues on here, one foot ALREADY in bankruptcy? You do know equity tends to get canceled and become worthless in a bankruptcy proceeding, right? Your "theory" subscribes a nefarious intent, without evidence to support such a premise. It's like 2+2 = 80. It makes no sense.
This you?
I'm done explaining how life works to you.
You were saying?
It's telling me shorts are driving PA, not TA or FA. bhahahaha
Here's a positive. 10,000,000 short shares are available. Up from 1,600,000 yesterday. Hmmmmmmm
Bwahahaha
I didn't say anything about myself. What I was saying is that your opinion lacks perspective.
Certainly no other reasonable explanation at all.
Depends where you got in.
Uh oh, classic bullish hammer. Did you get your .048s?
Tomorrow is day 10.
Uber says it was $475k. Regardless, the price is up. Wouldn't call that "dumping."