Followers | 2 |
Posts | 359 |
Boards Moderated | 0 |
Alias Born | 04/05/2021 |
Saturday, May 07, 2022 4:38:31 PM
But it's not a lost cause. Old shorts are possibly being replaced by new retail shorts. Retail ALWAYS loses. They are likely being set up to have their a$$ handed to them. $0.50 calls are done on May 20. Much of the incentive to hold below that is gone then. Likely to rise higher after that. At that point, the call sellers won 100%, they are no longer short, and the new shorts are screwed. And their long shares are worth more than the calls that just expired.
This outcome was already engineered a year ago when they started selling those options. They hold enough shares to control SP at will. The recent pump was just a minor annoyance. They weren't going to let it get above $.50.
I will qualify that. It would actually benefit them to let it go minutely above.50 on May 20. That way the options will be exercised. That is ALOT of new holders who will likely sell immediately and drive SP way down again, where the option sellers can repurchase at a discount.
Recent ITP News
- IT Tech Packaging, Inc. to Hold Annual Meeting of Stockholders on October 31, 2024 • PR Newswire (US) • 09/09/2024 01:30:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 09/06/2024 09:29:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 10:05:31 AM
- IT Tech Packaging, Inc. Announces Second Quarter 2024 Unaudited Financial Results • PR Newswire (US) • 08/12/2024 08:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/12/2024 08:15:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 08:30:18 PM
- IT Tech Packaging, Inc. Announces First Quarter 2024 Unaudited Financial Results • PR Newswire (US) • 05/11/2024 02:22:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 09:16:40 PM
- IT Tech Packaging, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results • PR Newswire (US) • 03/27/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:22:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 11:06:17 AM
- IT Tech Packaging, Inc. Announces third Quarter 2023 Unaudited Financial Results • PR Newswire (US) • 11/09/2023 08:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/01/2023 10:05:29 AM
- IT Tech Packaging, Inc. Announces Results of 2023 Annual General Meeting of Stockholders • PR Newswire (US) • 11/01/2023 12:40:00 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM