brikk, good post. Also to this
"with this as the current backdrop, let's assume a worst case scenario (as one poster mentioned) where private placement shareholders might be shorting against their own blocks of stock. why would they do such a thing? essentially this strategy would be taking at most a 100% profit, and then killing the goose that laid the golden egg. DR invited these investors to the party, and that would be taking away the punchbowl imo."
I totally agree. In fact it makes no sense to me that an investor who got in for a large (or any) quantity of shares at .7 would want to short this to cover with the shares they have. IMO that is a zero-sum game as every penny they make on the way down on the short is lost on the long shares. In PSEC's case it made sense to lock in a value of $1.2 (or close to it) with a short position that could be covered with the warrant shares (which were priced at .507 but essentially zero cost basis after the cashless exercise). It is a moot point as to whether PSEC actually planned / executed on that strategy or if MMs took advantage of their need (?) to sell on August 1st and brought us down to get those 2.6M shares on the cheap. Either way, I see .7 as a solid base to build on and once the flood gates are open after the "quiet period" IMO we should have some good momentum pushing us higher.
Sage
AI
Market Data 
Markets 
