welcome back Coupons!
you asked why are they manipulating the UBQU share price?
perhaps you were being sarcastic in order to make a point, but indeed, why would anybody sell such a tiny bit this low in trips at any time when we've been 2/4 now for about 2 months?
market makers. manipulation. trying to get SOME ubqu apes to sell back to THEM. so the MMs can cover from shares they had to short to give to apes on the last run up to 8 2 months ago? or for the longest time.
if my theory is correct, if the shorters on UBQU weren't pants wetting terrified of an UBQU squeeze, they'd be LONG since let's be honest, they probably own more of the flot than retailers and insiders. they themselves would let it run like crazy like those other pennies you've seen so they could clean up on a P&D perpetrated by the MMs...then reshort it, and blame the CEO ALLL over again
but my guess is they thought UBQU delisted as early as 2019, 2020 covid did nothing to hurt their case and sentiment has NEVER been pro ubqu....ever...except scratch circa 2020.
so my guess is various MMs looked at all that and got greedy....saw UBQU = 0 never have to cover never have to pay taxes way to make....100 million dollars? for MMs that's nothing, but multiply it by all the penny stocks.
so they shorted it 100 million dollars worth.....naked in pennies are LEGAL and the short interest is 0
if I'm right, and they got super greedy and shorted 100 million dollars worth... CDEL, CTSI (where you smell cdels stink, there's CTSI like the goblin on jabba's shoulder) and GTSM our friendly?? asian market maker....that would be about 100 billion shares. :D
if I'm right, first out the door survives, the others could lose a billion dollars which again to kenny ain't no thing, but on a penny stock?
and that's why I'll wait a bit before I sell. I don't think any UBQU ape is selling at these prices.
