On a 2.5 billion float ther is no need for shorts to cover since they can short with ipunity. Way to many shares for there to be short covering, mm's are safe on this one and can short this to no bid. Dilution never stops here so mm's have an unlimited supply of shares to buy back if they really needed to. the though of a short squeez on a large float penny stock is nill it's just a myth.
I invite all traders here to actually trade legit stocks and not diluting scams that run stocks to the grave with dilution. IMO a good rule to work with in penny land: If a stock has more than 500 million oustanding and is trading subpenny 99% chance it's a scam and will never go higher than a penny or even close for that matter. Company valuation is pps x total oustanding it is very dificult to justify a valuation of over 500 million O/S over a penny. Most penny companies just arent worth that valuation.
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