Thursday, June 09, 2022 4:22:32 AM
1) Total's done deal is kept under strict secrecy enforced by judges on multiple continents and so thoroughly redacted that not even Kosmos lawyers were able to publicly have them unredacted.
2) the stock is on the caveat emptor list and only non Americans through Questrade can buy the stock. This severely limits the investor audience and depresses the share price as a result.
3) short sellers have little choice but to print as many shares as needed to keep the share price depressed in order that the only short narrative left, one about the share price, remains quasi valid to the random observer not paying close attention.
But short sellers made a big mistake and will get their asses handed to them.
Krombacher
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