COWN is not on the BID, but on the ASK. Why is he selling?
Is COWN the naked shorter? Shorting on the uptick and responsible for the failure to delivers we've seen for 8 consecutive settlement days. My gut says "yes" and if I'm correct, there's NOT going to be any required 'forced' buy to cover on Monday or ever until the stock reaches their target price, whatever that may be.
Is Johan Eliasch going to provide the liquidity for COWN to cover? I think so!