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Net-Man

11/14/18 11:38 AM

#57495 RE: Spartan #57494

Spartan - Who knows? If DRYS buys back another 9 million shares, there would be roughly 13 million trading. According to NASDAQ there were ~2.6 million shares short as of 10/31. If those numbers come to pass over the next few months, I suspect brokers will significantly raise the margin requirements which will force many to cover their positions. How high the pps runs would obviously be a factor of how many shares are for sale. If no one is selling, it will cause the bid to run higher still. Could get interesting here...