Thursday, May 21, 2020 12:34:11 AM
I believe they have quadrupled/quintupled/sextupled down and are in over their heads with an 8, potentially 9 figure position, with no possible way of fully covering it without spiking the stock up exponentially.
imo, they have been lucky thus far due to a combination of untimely retail sellers and CAVR’s lack of volume and bid support. They’ve been able to suppress the price below $0.01 for 2+ months, but volume was low during that time, and I don’t think they’ve covered much (if any) of their position, barely managing to stay afloat. Time will tell, and unfortunately the only way to confirm this hypothesis is for CAVR to get substantial $ volume with a positive buy:sell ratio.
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