Tuesday, March 03, 2020 9:06:21 AM
My guess is the float is very small maybe 4-5 billion if that and now the new owner is holding about 2.5 billion.
I've seend stocks with 5 billion shares out get to .10-.12 cents
XMET is different, it's never traded until 5 weeks ago.
So there have never been any shares "Borrowed" to MM to short it.
The massive short on XMET is because of the massive Naked Short on PYCT and XMET was given out as a dividend at 1:1 ratio so every Naked Short on PYCT got one share of XMET.
PYCT did 2 DTCC stock audits and there is a proven massive Naked Short.
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