RE:RE:Gonna get poached if the price keeps droppin'I have a couple of interesting thoughts, at least in my opinion. Sundial ear marked up to $100 million to buy their own stock to keep volatility down. That was at roughly .75 and now they are .58 and even as low as .5250+/-. How much of this is tax loss season? Then those who are selling are putting it into Sundial? Sundial has roughly 800 million in cash available. Not sure how those funds are being calculated.
Here is what I do know. 800 million is a ridiculous amount of cash and it will be used. My thoughts, they will start to buy their stock starting in the new year. That way tax loss season is done. Sundial has the ability to put a massive squeeze on the shorts to the tune of tens of millions of dollars if it's done right.
Does anyone know how much Sundial is shorted?