Looking at Neo L2 and the T/S and seeing all bidwhack selling and a naked ask, it's obviously 90% short selling, not longs just deciding to sell otherwise.
It will bounce/squeeze, just a matter of when and from what price.
If it has to go lower first it makes no difference to me. The lower the better perhaps.
The only reservation I have is that volume is always meager with MGW and even with short cover buying it may not amount to that much running up the ask.
Either way I will delight in contributing to the squeeze.
MCAP 21.4Mtiny
WTS It helps when the company has something exciting to talk about.
You say they haven't accomplished anything. They aren't selling weed yet, or showing the revenue from that yet, but they have accomplished many of the steps necessary to get to revenue and the loan they just received should complete the Telkwa Facility to the point of operation.
That loan was supposed to close around the 9th, last friday. Should get "we closed the loan and got the money", or even the opposite, "the loan fell through and we're broke" news any day. lol