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Saturday, June 27, 2020 3:23:03 PM
128% interest is being paid by folks that borrow TMDI to short it. It’s off the charts high.
Agree short interest numbers are not to be trusted however the insane interest rates are an indicator of the demand by shorts.
Prior to mdt the interest rate was around 50%
Last fall rates approached 500% interest.
I have looked at many pump and dump garbage stocks and the jc penny’s/sears of the world to compare and their borrow rates have never even been in the same ball park as TMDI.
That’s a lot o $$ to spend on interest. For example on 100k shares at 1.00 pps 128% = 128k in interest annually divided by 12 = 11k monthly. It’s absolutely through the roof. Divide by 30 = 370.00 per day to short.
Hell bent on holding it down and with deep pockets.
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