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Friday, March 04, 2022 1:44:23 PM
This particular stock does go continuously down and never ever has a run that could threaten a short position.
Thanks
You want the shares to drop in price, that is how you make money on the difference when selling high and buying back low.
When SGMD does the 1/200 the shares will quickly list at $.12 maybe less now. As soon as that happens you sell them short and when the shares drop back down in price is how you make money.
One problem is they may not do the 1/200. The reason is SGMD may want to just finish unloading billions of more shares cheap and to do that they figure investors will not want to end up with far less shares after the RS so they figure at this low price to load up so when the RS happens they will have more shares believing they will rise up above $.12 and make a slight profit.
This maybe a smoke screen to get those last billions sold and then rather then doing the RS they just fold the company. If they do the RS they may have to change cusip numbers and in that case a ticker change.
You may get 1/200 but they may be a new ticker and the same process that allowed them to sell the initial 200,000,000 for $18 will happen again and as such, new dilution of the new ticker.
And the same people who bash this stock after cost averaging will do it again and again and never let up.
When there is this much money to be made selling just shares, and with corporate actions to allow it to continue, you can see how these schemes keep dumping and diluting. Then they do it all over again.
All this is the fault of investors who keep the money rolling into these schemes. That is why you short them.
PLAY THE GAME!
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