Tuesday, December 19, 2023 11:23:58 PM
I do think this to answer your question. There can be a short squeeze up to $10/sh, but how many shares can they cover really. I do not think there will be enough shareholders selling. Therefore the shorts can get squeezed, but it will not do much. And there will have to be another short squeeze later, at a higher price, to cover more shares. In the end, the squeeze price will have to be at a premium sufficiently above the intrinsic value.
So practically speaking, for there to be any substantial shares, the shorts will likely have to wait for after NWBO moves to an exchange, after a regulatory approval, and after institutional investors begin buying. That is the nightmare situation the shorts are in, as I see it. And part of their nightmare is they know there are naked shorts too. They will be competing to buy shares to cover when institutional funds, other buyers, and other shorts (legal/naked) who are all actively trying to buy shares in the open market, the nightmare reality for shorts as I see it.
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