I’m thinking that once the float gets locked up here ( which shouldn’t take very long at all) that we should see a CY*NK kind of move here quite easily,
CY*NK was a reverse merger play that had virtually no assets but did have a huge reverse split. The only way to cover, was for at least, one Financial institution to actually take the full hit and cover. One trader lost his job over it.
Were you seeing any tell tale signs of shorts on fire maybe. on level 3 (which I presume you have) which made you buy?