With FINRA now approving the 10% Dividend, it will happen. Whether the Dividend forces any short covering remains to be seen. But it is a fact, when you short a stock, you have to pay any Dividends. BTDG is in effect paying a 10% Dividend which any shorts must cover. They can moan, cry and bellyache all they want, there is no way around it. Their Broker will simply deduct said amount from their account.
berhead, correct. The day of the Forward Split the Market Makers will adjust the Bid down 10% to keep market cap the same as O/S increases 10% instanly. Two questions:
-If a company was about to have their stock bought out, why would they be issuing more to buy?
-Will you still be offended by the photograph once you confirm that is the Wilma St. Louis?