Thank you for pointing this out on this board. With his 55.5 million, the float is only 17 million here and the merger is still a month away and it is all but cemented based on the pr after hours.
The short % is not too high as it is below 1% but if it grows through using non counterfeit shares the legal way, we could see one hell of a squeeze here. Especially since consolidation has been occurring the last 2-3 days. A lot of people made a lot of money here already. Need bid side volume to match. It did yday as buy outbid sells by 2mm but it could have been negative today as the market was simply weak.
Big news out of big tech tonight with great earnings. Barring a bad core PCE tmrw, following today’s stagflation news, the bid should stay strong bringing capital in here tomorrow.
By the way, Mr. Billionaire has an extremely wealthy family. 55 million shares is a flea for him.
How much equity does he have in Triller?
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