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.
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