There seem to be a lot of strange trades associated with this stock and it’s music catalogue not just shorts
Maybe someone has insider information about what the share price will go to before or after a proposed 500,000 to 1 RS and after proposed share buybacks or on how many shares have already been issued or will need to be issued in future to pay the $12m annual salary that the CEO awarded himself into perpetuity (before further bonuses and expenses he can award himself) or the legal fees that are building up on the company balance sheet some of which the CEO mentioned are in dispute
As the cap table does not seem to have been updated since November 2023 (last time I looked) personally I’m totally in the dark about the basics like how many shares are already in circulation before taking account of the other unknown factors such as the collectability of accrued revenues or even where I can hear all the music that the company claims to own
Just speculating as I haven’t been able to find the answers myself to date
I may just be looking in the wrong place for answers to my basic questions
Personally I wouldn’t trade either way unless I was an insider until someone can answer my basic questions.
Speculating on who may be buying shorts or why is kind of secondary for me to the other open questions I have on this stock
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