My Short Squeeze Hope:
My interesting conversation with Eric NIckerson at Seeking Alpha explains how his shares are lent to shorts at a huge interest rate. He's present in the Q&A of our conference calls (not a company insider). That means he's long and collects risk-free high interest for doing so. Especially high interest in this stock, so he's truly sticking it to shorts and rightfully so.
enickerson
Yesterday, 2:01 PM
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@Racer-X I can’t add much new info here, guys. Pretty strange territory for me, too. But it may be useful for all of us longs to know that I presently have lent out to short sellers 84,663 shares. Those shorts are presently paying 48% annual interest. Buckle up.
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Racer-X
Yesterday, 2:39 PM
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@enickerson You should lend ALL of your shares out! Make the short squeeze meaningful!!! :)
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enickerson
Today, 11:34 AM
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@Racer-X I don’t control what gets lent out. A team at Fidelity cuts the deals directly with borrowers. Since my previous post, all the rest of my shares are lent out (105,000), except for 7000 still stuck at TDAmeriyrade. Interest rate steady at 48%.
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Racer-X
Today, 11:43 AM
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@enickerson Wow, that's awesome! That's good to know. I still haven't met my goals to set up a whole other account for that yet. It's my plan to do. Sounds fun to experiment with.
I hope sinister looking bitcoin miner can hype us up. It sure is quiet out there. Company is speechless it seems. Shell-shocked I suppose. I hope ransom demands are being made. Make Stingray pay $15 a share for their greed. And then maybe some bitcoin hype talk by this death star that captured us. Make the shorts cover in the hype/manipulation, and then they can spit us out, exit, and I'll buy back in at $3 in a perfect world, and we can continue the quest.
Your hefty interest rates almost seem like they are in violation of Usury laws. I'm not complaining though! Stick it to shorts. Shorts must be an exception to the rule and rightfully so! LOL
We were just a happy-go-lucky bus of Karaoke kids. Kidnapped by this evil empire. No warning shots fired. That's just rude!
