Circuit breakers went into effect on this. The world news outlets talking about it in fact. Many caught by surprise when the Friday open came, after pre-market was done over 30cents... Lots of stops wiped out and MANY shorts/naked shorts caught off guard en masse... Brokerages like crooked TDA sh%t bricks trying to find shares to cover their arses IMO allowing naked shortselling to occur which is supposed to be very illegal.
But, seeing almost 37 MILLION share volume to upside entire day, even after halt lifted, should tell all of you what is going on and already there are a few major firms who are accumulating all the shares they can BECAUSE this is not like most C11 filings, and shareholders will be protected by the warrants when process starts in next few weeks.
So many cry "this corp is going BK" or such, so what! It is a financial process to cleanse debt issue. BUT this structuring considers shareholders' value too whereas most in past have not.
This is far more than some retail shorts trying to get out of their positions- if so, why didn't they stay in until "0" which is what they are bashing everywhere on every internet board for weeks about GNK...
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