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Sell the hell out of the $5 2/18 puts. The shorts borrowed 300K this morning and dumped it early into the news. Don't make the mistake of buying calls and risk losing the premium if they tank it.
If they don't let it run then they have to deliver. If it does run you get the premium to keep and can use it against a new entry.
Shorts borrowed a 100K this morning to get started. Be nice to see them roast but without company help retails stands no chance
We went elsewhere. Don't dare to post anything here that might be the reality we have been scammed and left to hang.
Even the majority shareholder didn't care enough to keep his position from dumping into the abyss of worthless non reporting trash.
As of this mornings IBorrow, POWW shorts have taken out 1 million more shares to sell in the last 2 days
Average investors don't stand a chance unless the company takes a defensive stance against this kind of manipulation of its stock
If this were the OTC we would be shouting Pump n Dump. Guess its OK here
Even though he is not here he is still up to no good.
From Oct.2020
https://deloatchlaw.com/david-allen-walters-suspended-from-the-securities-industry-by-finra/
Another lousy day helping the shorts make money.
Thanks Dan!!!! now show yourself the door so we can get some good management
1/27 according to Iborrow shorts added over 100K yesterday.
1/26 Iborrow shows 400K shares borrowed this morning. Price at 4.46 or so all day. Short has no incentive to cover. It goes on almost every day. You can watch IborrowDesk in the morning and see. Until management steps up this turd will float in the bunch bowl.
Please share how 400 millionA/S to 2 billionA/S is not dilution.
LOL!! Added another billion to share structure and people are on here talking it up like unlimited dilution is a good thing.
Once again we will finish a week down big. This management team needs to step up or get out
about 700 million left to sell
Management rolling on the floor laughing!!! Just added another billion to the dilution factor and this board is all excited that it's going to explode. This is just toooo funny.
This is the company dumping on news. It's what they said they were going to do when they R/Sed shareholders last time. Then said they needed to sell shares for money. Well GUESS what? they are doing just that!!!!
Company is toast under this management. Need someone capable of doing the right things. Failure to stop the dilution will take this into the low 4s or less.
Amazing PnD is down on news. What did you expect?
MMs never going to stop. Not the way this outfit works. Pump and ???? well, anyone who has been here knows that answer.
Investors have been accumulating shares which has made the number available to borrow continue to increase. (IBorrow verified)
Shorts are waiting for news and good earnings to run up the price just like last time.
Borrow and dump into strength is something that looks to be building once again.
Sad as it is long investors are the victims of deprecation created by the big funds who over run the market.
Longs don't get the benefits of a solid growth company and this will continue unabated which we see everyday as big funds continue to sell into strength by borrowing investor shares.
Shorts have the advantage to cover at will as they drive the price down evermore.
Currently the April puts are pricing the $4.50 range
It is on the company website along with news
This rivals the pump n dumps of the OTC. Non stop dilution of shareholders. Management needs to step up or Dan needs to go.
Until the company steps up the MMs will continue to liquidate shares. That is what MMs do, sell shares for the company and obviously it's being done with a vengeance.
More dilution kids are getting new cars CGRA
Nothing dramatic about what's going on here. On 5/29/2020 it was .85 and today after the ask dropped 3 times it's .0069.
That is a fact!
Non stop dilution. Selling stock is the game these boys play. Maybe the new company guys obtain an objective but for the main players it's all about selling stock. They have been at it for years.
How many times has this changed names?
Last I checked they still had over half the authorized left to sell.
And with the news comes 5 million more shares of dilution.
When's the next R/S??
Another news release well received by the shorts. Company needs to stop providing shares to short sellers.
Key words "leverage-able" assets. Like all the Dolomite and other claims the company has made. Yes they be out there but unless monetized towards beneficial income they remain of little value or this would be trading at a much higher price.
Billy says without the issuance of stock and so far that is true.
So the big issue here is,
Are any of these proposed assets going to survive the stress test as "leverage-able"?
The extent that they can or can't will be reflected in a share price that can be used as collateral and maybe we get lucky.
That .0120 held up well HaHahaah lol. Dumping the bid trying to escape is whats going.
Shares available on IBorrow are near the most in a year and they have dropped the fee rate again in an attempt to get them loaned out. Price action shows we are just about the bottom on a 2 year chart. The short is still over 9 million and 9 days to cover. With all that lined up it is going to get more difficult to find sellers being that there are only a few left in the money. Buyers now have the upper hand being the short is going to need our shares as the price rises and early flippers get out.
I bought mine and sold the $7.50 calls to make him pay up if wants them.
Over a 100 million left to dilute with. Then a R/S
Maybe our insider will feel the pain of shareholders
Well over a million shares dumped everyday 4 days in a row. Mini attempt of a short squeeze yielded nothing good. Company has now wiped out every buyer in the last 14 days. Short continues to relish in the lack of companies ability to generate positive upward movement. Since they offloaded C-trac they probably are dumping shares again to raise cash.
Today's attempt at a pump received well by sellers.
Currently an example of an squeeze is Ins**go. For the last 2 days a squeeze has been building and today's action is 134% of its daily volume as shorts try to cover.
According to IAB if you have a margin account they can and will loan your shares. They make money doing it and there is little you can do. The real kick is the more you buy, the more they have available to loan and in some cases they loan your shares to the short who sells them to you. F###ked up system that screws the little guy. Things will not change there is too much $$$$ in it.
Reddit and those boys are the only true defensive players if they can generate enough buying power to bury a big short. Hard to do.
Reuters news carried the CGRA announcement on IB. Getting that to happen was more than just an ad for pump n dump in my opinion. That news agency more than likely scrutinized at minimum the basic facts. As far as the speculation goes, everyday some pos clown SPAC becomes unicorn with valuations in the billions. Some of those deals are at best shaky and in some cases downright air. Ol Billy has a knack for coming up with a story which in many ways is just like the rest of Wall Street.
Short squeeze still quite possible. After the drop from 20s to 7s the short interest and time to cover have both declined. The big shorts still need to cover a lot! They have vested interest in driving down the price and keeping it there. I have said a couple times it's good candidate but more so, it depends on the shorts ability to fight off a squeeze.
New 1 yr lows, wiped out the new high in 9 months and underwatered the 2 million shares sold 11/3 in 90 seconds. Seems as they are doing just fine rebuilding the shorts pockets.
The fat lady has been singing dilution since the first day of the R/S. At first it was just a few shares to get started then a few for management followed by some pump n dump until now we have been bamboozled to the bottom.
Now that he is permanent maybe our CFO can do something about the roughly 70% loss in market cap shareholders have endured.