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Re: retiredtech post# 2222

Wednesday, 03/31/2021 10:45:30 AM

Wednesday, March 31, 2021 10:45:30 AM

Post# of 7274
The declaration of the dividend is a tactic to identify the counterfeit shares and protect real shareholders from the naked shorts. It forces a true accounting of shares and a reconciliation of authorized shares and shares held by brokers and at the DTC.

In simplest terms it's like musical chairs. The music stops at COB 1 April 2021. They have to go through this process to award the dividend to shareholders of record. Naked shorted counterfeit shares will be called, they will be Id'd as Failure To Deliver, FTD. If they can't cover the position (they won't), the prime brokers have to go to the markets to cover the shares, then the squeeze.

The value of the warrant is the mechanism to force the shorts hand. The value 0f $2.75, for this purpose, is irrelevant. It may pay off when the squeeze starts.

Don't be focused on the strike price of the warrant, rather focus on the purpose of the warrant!

Good luck to all longs.

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