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Re: Timing101 post# 40596

Thursday, 03/25/2021 3:34:39 PM

Thursday, March 25, 2021 3:34:39 PM

Post# of 88553
Hope that the CUSIP + Name Change forces Naked Shorts to cover by buying shares.
This should hurt CDEL quite a bit.

"Changing the stock cusip number results in each share with the old cusip number having to be exchanged for a share with the new cusip number, which causes each short position to have to prove the borrow. Naked short positions would be unable to comply and those positions could have to be covered by purchasing shares with the new cusip on the open market."

https://groovevc.wordpress.com/2017/04/12/is-this-the-beginning-of-a-remarkable-short-squeeze/