If you think that is imagination you maybe should try to figure out how short selling works before you lose money in the stock market.
Explain it to me
The 2.9 million share were given to the people that had the warrants for free.
Who sold millions of shares and when?
How do you see that?
The only ones that shorted were the once knowing they would get the shares for free.
No risk to to short at all, they never had any risk.
Thats why that situation was so beautiful for them.
Why would anybody short at around 5 US$ when the share price was 550 on the top. Or who that shorted on the way would not have already covered?
I am not short,I am not suicidal. You fall for a great sory about short villains an the brave men saving the world by buying a overvalued company at 5 awarded to riches that apparently only you see.
If wallstreet would think PHUN is undervalued, there would not have been a 8.3% decline but a nice increase.
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