The bump in the stock did not occur because the date of record had already passed. Shorts cannot cover the new shares of I gambit by buying ECSL shares, so in essence - they have to cover shares in both companies when the time comes. Not a good position for them. They will not be able to get out of their positions easily which will in turn cause a delayed upside push on both stocks when the next news releases come out. Be Patient with your shares and you will be very glad you did.
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