I'm not obsessed with # of shorts just the fact we could c a squeez. I'm more eager to c a pr announcing a merger. We both know shorts (mm) have destroyed companies in pinkyland.
Fully agree with you about the risk and the costs BUT about 5 days before suspending the trading, after all the press releases and the merger announcement, the trading volume was about 400-500 million shares (total of these 5 trading days). The stock didn't move but was always kept around 2 cents or pushed below. The float in FRTD is quite small. A good part of these 400-500 million shares has been created. I don't say the short interest is 200 million but it is obvious that it is not 60'000 shares. My personal opinion is that the short interest is closer to 30-50 million than the official number of 60'000. In very few days we know what is going to happen. For sure a tragedy for one side.
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