Saturday, May 02, 2020 9:42:01 PM
Doc, I think this suspension deadline to exercise warrants is quite interesting. Can the naked shorts wait till Nov 1st to exercise their warrants cheap and return the shorted shares at that time even if the TLD is robust and the pps shot to the Moon by then. Will the brokerages allow that long when the share price is way higher than their shorted price or to the level their margin account is on mounting margin call as each day pass by? I think when the share price keeps going north and when the margin account is on mounting margin call, not returning those shorted shares create even more havoc to the shorty as well as the broker. Brokerage has set rules that they don't wait weeks and months to cover the margin call till Nov 1st. So the shorts have to buy the shares in the open market in between when forced to cover. I think Mr. Black's position is now justified. He has accomplished his mission.
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