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trader59

12/19/22 10:48 PM

#3711 RE: cervelo #3710

The stock traded for a year, guarantee the O/S turned over at least once, so all the zero cost basis turned into a profit for those with the shares originally. The very few shorts likely did OK, looking at the short interest with the price action. None of them got rich, some likely lost a buck or three. Short interest really was 4% for the last few months, last data was less than 3%.
The "few fools" who bought at high prices during the pump and everyone else whose cost basis wasn't zero (the vast majority) were trapped. If that land were to sell for what the company claims it is worth, the stock is worth about 20 cents. PPS ended at $2.90(?).

Southern Gal

12/20/22 7:53 AM

#3715 RE: cervelo #3710

There was a published document which provided additional time for those interested in selling to do so. Finra pulled out the carpet after the stock price was manipulated lower. Finra trapped Those shareholders who planned to sell in the timeframe that Finra originally provided.