Friday, July 07, 2023 9:07:07 AM
Hedge funds were getting wrecked on the deal, and MICT said a big eff' you to hedge puts and shorts in December, then they had to resort to buying what they could but with retail holding about 55% (maybe more now), nobody was selling their shares for them to cover. They had to pre-market dump this down to cover.
Then magically all these people show up to the boards to say how bad the deal is... shame the "intelligent" didnt come save everyone when it was trading at 0.72, before it was run up to $5 on covering and retail buying.
Lets see next Q and W&C report... if it shows dealings and cash, then its possible some litigation could go both ways.
Thanks for stopping by again.
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