Aurora Acquisition Corp (AURC)

[dreaminofsailin]

This is a common misconception, there is actually no way in the system to allow some one with a short position to pay a divvy. If you are short and an X date is announced, you will receive a call from your broker warning you to cover your short position before a certain date and time before the x date. If you fail to cover, they will do it for you. They will not care what you pay for your shares, or how many of your dream stock shares they sell to buy back your short. They will not let you short unless they have access to funds sufficient to cover any losses that might occur, and that means your funds.

When the Shareholders meeting failed, I was told by someone who would know, that the main reason for canceling the meeting was because of about 225 million "extra" shares that they had no idea how to deal with. And yes I was told "extra" = NNS. 225 million extra shares meant that the company insiders could be out voted by "air shares" + OS, something they were not willing to risk.

If this short position still remains, a divvy will bring out the worst in those who are short. It could also significantly raise the PPS.


DOS