Replies to post #49351 on Logiq Inc (LGIQ)

[West Coast Snapper]

they are shorting the stock expecting that they'll win the court case and get their certificate issued to them and they will have a flat position. But FINRA should force a buy in regardless because you are not allowed to naked short a stock, you must get a borrow. If the short wins the court case theoretically they should stop shorting bc they will have a flat position with the short offset by the cert. And it should RIP higher if they lose and the short has to buy in the position. first and foremost though because of the dividend, FINRA must force a buy in because there will be shareholders who didn't receive the dividend. No matter how you slice it the stock should and will have an aggressive move higher. My guess is $10+ on a short squeeze or $5+ if the short wins court case and stops shorting