InvestorsHub Logo
Post# of 100913
Next 10
Followers 14
Posts 665
Boards Moderated 0
Alias Born 08/02/2000

Re: MWM post# 91813

Friday, 02/19/2021 7:39:32 AM

Friday, February 19, 2021 7:39:32 AM

Post# of 100913
He also said they needed to find 270 million shares (of a 50 million float) to cover the calls. He said they would have had to buy them in the market at any price pushing the price into the thousands. That’s what we thought and expected. But they ‘fixed’ that by restricting buying by retail so the brokers could catch up on buying the shares to cover. They saved the system and the saved the shorts but screwed the shareholders. Like always.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.