Aurora Acquisition Corp (AURC)

[WhiteSahara]

Rookie, you're fine. Your shares are safe, I don't imagine a lot of shorting is occuring right now and the stock you have selected is an exceptional value, IMO.

Shorting simply means your brokerage or another brokerage they loan your shares to, borrows against them and creates more shares than exit. In essence, they sell shares first and buy back later. A very, very common practice, perfectly normal and very legal. However, sometimes a small cap will have such an enormous quantity of shares shorted and it can strangle the company. (Try borrowing money when your share price is diluted by 100% or more). IF, AURC had 110,000,000 shares shorted, it basically means that the float would be twice as large as normal and this can suppress the price per share enormously. IMO, AURC was shorted heavily from its release down to its bottom at .013 cents. I believe most shorts have been covered but some still exist.

Do I think it is a problem for AURC, no. Do I want brokerage to offer my shares for shorting, no. Therefore, I contacted my brokerage and said I wanted a cash account and a no-shorting policy placed on all my securities.

Airdale