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Good catch Lubins. I copied and pasted the wrong table, and the post is no longer up. But, there is some cash flow from raising of funds, etc. in response to his question.
Agree. What is interesting is that based on the short interest reports from Monday am and this am, it does not appear that there was any significant short covering in the bounce back in share price, but perhaps the reports are not fully updated daily, and we should wait to see what the reports from the various services indicate next week.
I just checked and there has been no real change in the reported short interest. Slight uptick to 520,500 shares in short position and around 5 days to cover.
LMAO! That is what we heard over with AMC and everything transferred just fine with the RS. Of course, that whole myth and conspiracy theory of fake or synthetic shares was debunked long ago. In any event, the short percentage of HyTurd (HYMC) shares is so small that I doubt any hedge funds are playing here or give a rat's ass about this stinky Pinky scam ticker. Shorting is simply not an issue here with HyTurd (HYMC)
Thanks Richard. Nothing better than a little Chico with the morning coffee. Volume has dried up to a trickle, but we are holding nicely at a good level.
Agree. Very interesting, as is the fact that the Haslam family is now suing WB and BRK over the accounting method(s) used to value their final 20% in the end sale to BRK.
Likewise, Duke. There is still 30 minutes of trading to go, but what impressed me was the bounce back after the significant selling earlier in the day. The selling was pretty significant for a while and in particular down in the $4.70 - $4.80 range, including the 2 large blocks dumped at $4.74. But one big block buy took out the last 13,500 shares which had then become the Ask at $4.74, and then some above that.
L2 looks interesting right now. After the 2,600 shares on the current Ask at $5.01 the Ask is super thin all the way up to $6.17, save for the 1,200-share block at $5.22. Of course, a more shares would drop in with any significant upward movement.
By all means, keep buying!! You could end up holding a truly significant position in HYMC when the shares get cancelled and extinguished in bankruptcy, just like all of the APES and Meme Stock Clowns that rode BBBYQ to that same cancelled and extinguished share fate.
Your heart can take it Putz. But think of the traders who dumped the 2 large blocks of shares at $4.74 about an hour ago. They must feel awful right now, but who knows? We shall see where NB closes.
Hmmmmmm..... What was debunked long ago was the notion of fake or synthetic shares and all of the bogus conspiracy theories surrounding AMC and the fictional alleged MOASS that will never occur.
AMC is now (-80%) on its ill-fated $28 Million investment in defunct gold mine Hycroft Mining (HYMC) . HYMC is -20% today trading at .245 after announcing a 1-for-10 Reverse Split (RS) as its last ditch attempt to remain listed on the NASDAQ. Adam Aaron has some real explaining to do to AMC shareholders as to why in the world AMC would have invested in a defunct gold mine that had ceased all mining operations and has not reported any revenue for several quarters running. AMC could have used that cash to pay down some debt. And, under the current mark to market rules, AMC has to report this loss in value on the HYMC shares on its quarterly and annual financials even though it is a paper loss.
24-month record low share price on record volume for HyTurd (HYMC) today. It could not even hold .25. Adam Aaron and AMC shareholders got fleeced in this scam.
ROTFLMFAO!!!! HyTurd (HYMC) has traded 5 times normal daily volume today and our resident pumper claims there is no volume! ROTFLMFAO again! Not to mention he is still wagging his tongue about shorts when short interest in HYMC is so low it is not even a factor. SMFH
JustMoreDisgracefulBullshit!
Interesting watching the selling over the last hour or so. Someone was selling pretty heavily. And one poor chump just dumped a large block of shares on the Bid at $4.74 a little bit ago and left a large block there as the new Ask at $4.74. Someone took out the whole remaining block and then some, and the spread is now $4.84 x $4.88, with a last trade of $4.855.
And the NASDAQ review Board is not stupid and had to know that HyTurd (HYMC) is essentially a defunct company at this point, with no actual business operations or revenue.
Sheeeeeeesh!!!!!There you go again with that Bullshit NESARA nonsense that simply does not exist. And shorting is not a factor here with HyTurd (HYMC) as the percentage of HYMC shares sold short is insignificant.
#JustMoreDisgracefulBullshit
Glimmer of hope? According to this am's reports, short interest in AMC shares continues to drop to the point where it will only take .8 days to cover all AMC shares in short position. The number of AMC shares sold short is now less than 1 day's avg daily trading volume. Actually Fintel reports 1.03 days to cover this am. Any way you look at it, 15 million shares sold short is insignificant and shorting is not any kind of issue here with AMC currently. SMFH
Bingo! Excellent point and it sure does help Putz. We have a very favorable share structure right now with just 30 million shares outstanding.
As the recent video presentation detailed and exposed, HyTurd (HYMC) isn't even real. It is essentially just a defunct mining company that is the subject for frequent pump and dumps.
The reverse split is only 1-for-10 so that will likely equate with a share price in the $2's range, meaning not that far above the $1 threshold for NASDAQ compliance, meaning HyTurd (HYMC) will likely fall below the $1 threshold again given the likelihood that the share price will drop post-RS.
The key high level GameTurd (GME) executives (Gen. Counsel and Corporate Secretary; and Principal Financial and Accounting Officer) who both sold GME shares earlier this month in the $15.40's look so smart right now.
Time will tell, but NB was hugely oversold for no reason at all, so a strong bounce back was to be expected. We still have quite a ways to go to get back to the trading range prior to the merger and RS, which was in the .70 range, which now equates with $7.00.
Yep. Short interest in AMC shares continues to drop. There is no prospect of any short squeeze here with AMC, as the total AMC shares in short position is less than 1 day's avg. daily volume.
Agree. Very light volume into the close.
$5.14 x $5.19 now on NASDAQ in US. Last trade $5.19 or +21%. this is some kind of momentum into the close. Closed at $5.14 +.85 or +19.81%
Thanks for the info. Would not be surprising. Nice to see NB's Bid support strengthening heading into the final 30 minutes of trading today. Currently $4.97 x $5.02 right now with the bid at $4.97 strengthening.
Why are you so worried about our project getting funded Duke? I am confident it will be funded. As for your other questions, I believe Jim Sims is the key player in the EXIM and other federal contacts, e.g. DOD, Congress/Senate, etc. He apparently was a federal lobbyist at one time and is very well connected on Capitol Hill. Meanwhile NB is now +15.15% today and the Bid is approaching $5.
I watched the entire video. It is very interesting and contains extensive factual information. But I do not believe a Chapter 11 Bankruptcy filing by AMC is inevitable. It is a possibility if AMC does not dramatically reduce the mountain of debt under which AMC is currently being crushed. AMC is generating some serous increased cash flow right now, but it is mostly all being sopped up to service the large monthly interest payments on the mountain of debt. Even though it will result in dilution, AMC MUST sell more shares to dramatically reduce its debt so that, going forward, its revenue and cash flow can contribute to the growth of capital within the company and the benefit of shareholders, rather than just having to be continuously paid out month after month to service the interest payments on the debt. AMC will not get into the green earnings/profit wise until it reduces its debt load. But it can be done and Chapter 11 can be avoided with serious reduction in the debt load.
Welcome Ardly! Appreciate the input and great information. I like the fact that you came to NB based on a tip from a geologist.
Excellent point. OLB appears to be extremely undervalued down here, both on a fundamental basis and based a comparative analysis based on its historical trading range. OLB's share price plummeted when it went into Bitcoin mining at the exact wrong time, but Bitcoin has now doubled this year in 2023, and OLB is spinning off DeMint, its bitcoin mining operation into a separate ticker.
Yes Duke, we still have a long way to go here, but +.40 (+9.32%) here today on top of the past few days is a start. The services this am are still indicating around 1.7% of NB's shares sold short or around 500,000 shares, and around 5-6 days of normal trading to cover. Not at all huge, but I sure would not want to be short NB right now.
Yep. True statement at the time, but we can expect more shares to drop in on the Ask as NB climbs higher. +6.06% here today, and the Ask looks very thin going up.
Very nice article and nice to see NB up nicely in the after-hours session of trading.
LMAO! What shorts? Who is running out of time? No one is shorting this POS penny stock ticker down here? You can't short a penny stock ticker trading at this level. And, the percentage of HYMC shares in short position is insignificant right now, ranging from 4% - 5.7%, depending on which service you examine. Bottom Line: Shorting is not a factor here with HyTurd (HYMC). SMFH
Bingo! Spot on true and entirely factual post big.
LMAO! What shorts? No one is shorting this POS penny stock ticker down here? You can't. And, the percentage of HYMC shares in short position is insignificant right now, ranging from 4% - 5.7%, depending on which service you examine. Bottom Line: Shorting is not a factor here with HyTurd (HYMC). SMFH
Agree bio on the fundamentals. And, I want to thank you for the civility in our exchanges today. I am neither short nor long here with AMC, I do not know anyone connected to any hedge fund(s), and I am not a shill, much less a paid shill for anyone. Just a successful investor who became intrigued by the meme stock movement back during the first half of 2021, and started monitoring the meme stock boards, primarily AMC here and GME. Needless to say, I do not believe there is any significant short squeeze in the offing, and do not believe in the conspiracy theories, or that there are any fake or synthetic shares here. It does not appear that anyone is shorting AMC down at these levels, and a quick check of the services today indicates that the level of short positions in AMC currently is only slightly above 8%, which is not significant. AMC is definitely a fundamental play here, and it is acutely critical for AMC to raise additional capital to pay down debt in a big way going forward, which will require more dilution.
In regards to the fundamentals yes they do mean a lot...they alway did and always will...
The brief surge in volume has dried up to a trickle, but NB appears to have found higher support in the $4.30 area.
Both share price and volume surging/exploding upward in last 30 minutes, which is a very good sign.