I agree, they have shot themselves in the foot, but how much buying pressure do you think there needs to be before they let this thing go? 100m? 200m? 300m?
I agree, maybe there is still a large naked short out there. I remember when ITLV announced a huge buyback but don't think they ever bought a share. The volume shortly after and over a period of a week or two was between 500 million and 1 billion. I bet they knew ITLV was going under and that the new company would r/s. Somebody is about to get burned big time. Either the short position or the shareholders, I bet it is the short position!!!
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