Replies to post #78957 on Capstone Companies Inc (CAPC)

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Locked? I thought a float locked stock was supposed to squeeze the shorts, making them bid up the stock to cover?

Shorts bought back a net 18% of their position in July 2021.

Short position 385K on 6/30, 316K on 7/30.

Price was $2.38 on the 6/30 close. $1.70 on the 7/30 close. It's $1.54 today, when we find out they booked Z-E-R-O revenue for the second quarter.

Oh, and the short position? That's the Private Placement investors hedging for a quick $490K profit (350,000 shares sold short in early April right around 2 bucks, right after investing at 60 cents/shr). They cover in October, no buy back required.