Other companies do reverse splits at the same frequency as DRYS... Difference is they trade OTC pink sheets etc...& You never hear about it... I do agree Nasdaq has no one else behaving this way and I honestly can't recall any company being this bad about it on a major exchange, however that doesn't make it illegal... I do agree someone SEC/Nasdaq... Somebody needs to stop this behavior but that isn't gonna happen from a group of regulators that literally needed to make 1 phone call and Madoff would have been toast years earlier ... So don't expect much
Short Sellers are most certainly investors they just aren't invested in the bright future of the company as they chose to invest in it's failures... And in the case of DRYS this has been one of the great short plays of all time... Mainly because the best you can hope for is the company goes Bankrupt and you don't return the shares... But here you can short and a few days later cover for 40-50% gains and then short again assuming you find shares for the same 40-50% gains then again... And again and again and again and again... You get my point
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