So cool, MMTLP merger where they issued a dividend is exactly what I write about often where shares in a new private entity are issued to actual shareholders and that shorts would need to pry loose shares before the ex-dividend date or they are trapped. This is what I'd like to see Lightwave do with a deal (no matter how small) and dividend us shares in a private entity. Private shares are exactly that, not available on the open market so the shorts would need to convince the longs to sell them a share with that private dividend attached.
MMTLP engaged Christian Attar to explore and investigate any and all potential claims related to harassment, business disparagement, libel, slander, tortious interference, conspiracy, obstruction of justice and violations of the Administrative Procedures Act. I think he would find some of that behavior on this message board. I have yet to hear of any changes under the Trump administration to the SEC but we will probably see one of those executive orders on TV being signed one night.
One of the problems was that some of the shorts covered after Ex-dividend which meant the shares did not have that dividend attached.
Naked shorts were another problem.
Not understanding T+2 some longs thought that they could sell right up to the end but the SEC shut it down.
It is a complex mess for the shorts.
Understand that if Lightwave does a deal and issues a dividend in cash the shorts could just cover that by reaching in their pockets, if they do a deal with a public company they could cover post ex-dividend then buy shares on the open market in that public company to provide to whomever they borrowed their shares from, where it gets tricky if a shares in a private company are issued as a dividend, there is no market to buy those shares and the broker is on the hook to pry the LWLG share from us before the ex-dividend date
X I wonder how many deals LWLG will they make? I'm guessing 3 for the year, I think that it would be funny to see at least one structured this way.
Bullish