The Citron Report was out at 9:30 AM Eastern Standard.
The Dump occurred around 11:29 AM Eastern Standard.
One event proceeded the other, the dump did not occur before the report.
The intent of the report was to damage the stock in order to induce a sell off and reap profits. The report was intentionally full of misleading information, it was only up long enough to produce the intended result. After which Citron pulled the report:
Citron is run by Andrew Left who was actually convicted of securities fraud back in 2011. He was involved in a stock manipulation scheme. Which is why he now publishes "research reports" since he can no longer directly trade and manipulate stocks:
Citron Research also turns a blind eye to actual fraudulent companies it has decided to support. Andrew Left made the unusual move of going against famed short seller Carson Block over Luckin Coffee, now delisted:
Andrew Left has also recently defrauded a charity over 200,000 dollars after reneging on a promise to pay if Shopify, now at 900, was trading over 200 dollars in 12 months. Here is the article and saved Tweet:
Over 22.3 million shares shorted. If you compare that to the number of shares I tallied over the past week this comes out to being just under the 32 million of week long shorting.
So what does it mean when it's timed with a fake report? Simply share manipulation.
Black Ops Was Right It Was A Suicide Run To Cover!
Certainly not all the shares were from those involved, some of them are naturally from people who would dog pile. But to suddenly come up with 22.3 million shares after taking heavy losses?
We know fraud was committed on the part of Andrew Left, Citron Research and those privy to the report before it was released. That is the only way you get that level of pressure to push through all those stop losses and induce a panic.
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