No. It won’t. Since a short position is non-existent here.
This short position narrative is a GIANT FANTASY, told to garner interest in a stock that is a hopeless investment!
In the end, the only thing being heard here will be a GIANT SPLATT as this collapses after a sanction order by the Board.
But maybe it won’t matter.
The Board will certainly take many, many months to come to a decision here. Possibly years. DBMM runs a good chance of going bankrupt in that time period.
Being STUCK in the expert market means no new shares. No new shares means borrowing more money to take care of operational and debt costs (over $1M of debt coming due THIS YEAR!).
Where is DBMM going to get all this new cash they need?
We KNOW they can’t use shares (like they NORMALLY would).
This wonderful $3M in new financing being talked about (for the last FIVE YEARS by the way and probably is a fantasy anyways) is supposedly being withheld - they are waiting to see if it will be revoked!
Maybe Linda (Harvard grad extraordinaire) can find another Asher to get a loan from. We know how “Mahvelously” that worked out last time!
Sell your shares while it’s possible.
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