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Alias Born | 09/18/2018 |
Friday, December 31, 2021 12:08:00 PM
as for R/S it isn't going to happen, not until selling pressure is thrown off, need to make the only seller of remaining A/S someone who can sell them judiciously, the least amount for the most effect, thus getting out of debt etc.
as for the penny stock gangster argument. well yeah every penny stock has that criticism.
of course my counter argument to what Joey B in the past and this new fellow implies is that Ballas, and a ton of other penny stock ceos in 2018 entered into convertibles in good faith with the real gangsters, the convertible lenders who are happy to short the stock and keep those penny stocks in debt. bankrupt them? and hedgie might give you a million dollar a year job in new york with 7 million dollars a year bonus.
seemed like a great deal for the converters, in 2018...also once they just grabbed the convertibles and shorted the hell out of them? the ceos could be blamed!
anyhoo I mentioned all this last week but since we're having this discussion I thought I'd bring it up again.
from a Technical aspect, if UBQU could throw off short selling pressure , I'm sure ballas would be more patient and sell less of the 28 B A/S for more money...maybe enough to be out of debt...positive cash flow...and then cancel the rest.
all we have to do is throw off the shorts, both converters and hedgie/MMs
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