InvestorsHub Logo
Followers 142
Posts 1408
Boards Moderated 0
Alias Born 02/09/2015

Re: gempicker post# 4645

Friday, 06/22/2018 8:39:10 PM

Friday, June 22, 2018 8:39:10 PM

Post# of 26533
These warrant holders will short ahead of converting. Converted shares today were used to cover shorting yesterday most likely. They do things like that. Its a risk free short becuase they know they can easily deliver shares needed from conversions before the settlement date at the clearing house. Today's shorting is covered by tomorrows conversions kind of thing. This toxic deal has 3 series. My math (which could be wrong£ has maybe only 750k in dollar value left to convert. Usually the is a breather break between each conversion series and that's when there can be a dead cat bounce.

Knowledge + risk taking = prosperity