Posters here seem to be under the impression that shorts have to cover when the stock goes up a bit. That is like saying longs have to sell when the stock goes down a bit. Shorts want to sell HIGH and Buy (cover) LOW. I and other shorts, I assume are shorting in anticipation of poor Q2 results and future poor results. In my opinion. this stock has no where to go, but down for the remainder of the year. The next short reports should say alot.
Remember. i am working under the assumption/opinion the below DD will play out. The longs expect net income. I expect losses. We shall see...GLTA One year net income estimate - Quipt and GEGH combined
Quipt Net Income (loss) fiscal year 2022 ( 2mil )
GEGH Net Income (loss) fiscal year 2022 ( 4mil )
Est CPI increase with zero inflation? hmm 6mil
Est Int on 88mil new debt ( 6mil )
Est synergies per MGT 2mil
Est yearly net income (loss) combined ( 4mil )