WEIGHTED AVERAGE NUMBER OF SHARES Basic 111,814,92
That's 2.2 million freshly printed shares thanks to Jim Marcelli, printed right in front of their share bonuses. I know you know these two personally, but a question I'd have for Jim is why wait until after you issue these shares for those bonuses? That has NOT been how they've done this in previous years. Especially considering the already strong cash position and low share price
Xena - given how much you post here, you should have some basic understanding as to how the LPC agreement works.
We sell them shares based on the previous days action. LPC can then do whatever they want with those shares (but they can't short the stock! suuuuuuuure).
There was a time where they held onto shares - Jim actually mentions this in I think the 2016 or 2018 shareholder meeting. They have not held onto any shares literally since Jim made this comment. They sell them immediately on the open market.
SO - Jim sold 2.2 mil shares, shorts sold 1.175 mil shares, institutions sold 350k shares in Q1
This is why the stock is getting destroyed. There is no conspiracy or non-sense with the shorts or market makers. There is massive selling going on, and only retail left to fund the company.
This will become a problem without some significant news. I think this is why Jim is selling so much - if they need more time than we all think this is exactly what I'd be doing. OR they have a big purchase they need to fund (unlikely but possible).
If I were short the stock I would be pressing right here and right now. You may be able to get this into the 3s for a few weeks - not sure how they cover so many but some of you will be able to exit with great profits.
Here's my 1 for post the day. X - got your message, I'll respond on reddit as I'm not a premium member here.
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