Potential size of CYDY Naked Short;
Illegal Nakeds such as hedge funds? It can be 20 to 50 million. How can they be still short and not be bought in? Easy.
Legal Nakeds. This group would be Market Makers. Thinks like a Market Maker. Think profits as the goal. Split those profits with the firm. Every Market Maker will have a $$$ high limit number. This number is in place to avoid a MM from sinking the Broker Firm's Net Capital to a point that NASD closes the firm.
Meaning the numbers will be huge. I bet there are some that are swinging 500,000 to several million short CYDY. In general they know nothing about the company except the price and the trend. Many are Chart dudes.
Easily 30 to 50 million shares.
If Nader actually surprised some like he did when CYDY entered covid the shares were around 1$. In a day 2.5 to 3$. That was March, 2010.
This reflects huge losses for the MM, twice. First time was in December, 2019; HIV.
Total might be 100 million. Of course; this is a guess. No one will reveal the number. It could be used against the MM or the Hedge Fund.
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