Esad I like your posts, and encourage you to continue to post info based on your experiences on the street, that may be relevant to anything going on with Sphere.
I can tell you this. The shares outstanding here at this moment are roughly 35 million. Approx 27 million of those are tied up by Cyrus, PineTree & Sheldon, another unnamed fund, management, founders, and close employees. None of these have been sold to date, and none likely will be in any significant amount in the near future.
I know a handful of "retail investors" who have 2 million shares tied up and are not going anywhere. I would suggest/estimate that there is possibly another 2 million tied up by a few dozen of the posters here on this board.
That totals 31 million of a total of 35 million outstanding that are basically not in play, and are tightly held.
I have it on very reliable sources, that there were approximately 3.5 million short as of one week ago.
The math is not difficult.
There are many closely tied in to Sphere who are collectively at a complete loss to explain where the shorts are going to come up with 3.5 million shares should they have to cover.
If anyone else has any creative ways that this bullet could be dodged, we are all ears. As it stands right now, despite the ideas that "shorts have their great escape planned and largely unknown to the layperson", there is only one place they can get em, and it is going to cost them dearly.
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