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Thursday, October 19, 2023 7:48:54 PM
They naked shorted because they had a convertible debenture with the company, the company retired the debenture and that was key to them ever closing the position out.
Their average price they naked shorted was not 5 to 8 dollars lol, it was much much lower and as soon as they start buying in to cover the stock will rip way beyond 9 bucks.
Insiders are allowed to sell I think 1 percent of their holding every month, and no the naked shorts can't use those sells to cover their positions hahah, that's what the debenture was for and that is gone.
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