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Friday, July 17, 2020 9:09:36 PM
The "float" refers to the number of tradable shares of a company's stock. Theoretically, the maximum amount of a company's float that could be shorted is equal to the float itself; although, in reality, it's rare for a stock to have a short interest greater than 50%.
Of the 18 reported shorted share days, there were 87%, 95%, 93%, 89%, 86%, 73% - one third of the shorted days of an .0001 ask side sell price was shorted...the shares were buys...at .0001 - LET THIS NUMBER SINK IN...AND ASK YOURSELF WHY???
NOW, I have asked others on this board if shorters can cover their shorts by buying back at the .0001, which would explain why so many .0001s, and the MMs covering their own behinds, as well... Can someone more knowledgeable in shorted shares help me out here...thanks...
AGAIN...WHY SHORT A STOCK THAT WAS A DIVIDEND, THAT HAS NO MANAGEMENT, NO BUSINESS PLAN, COMPANY OWNER JUST DIED, AND NO MONEY...EXCEPT TO COVER YOUR OWN BACKSIDES IF YOU ARE MMS, TO TRY TO DISOURAGE POTENTIAL INVESTORS... JMHO
I, personally, believe that this has been more about the MMs covering their own criminally, with maybe a billion shares actually being bought by investors... jmho
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