Must read.https://grizzle.com/zenabis-zena-rights-offering-20-million/
But there's a risk this will go very, very wrong for shorts. I'm putting my ZENA.RT shares with a SELL ORDER, Limit $10. Not 10 cents! 10 dollars!
That does 2 things:
1. Prevents yours ZENA.RT to be borrowed and shorted. They are committed to a price and need to be available. Banksters play around with this because of the crappy settlement time but maybe in the next century it will be fixed.
2. If there are no sellers and the shorts need to cover, they can't do it cheaply if there are no shares. I've seen this happen
But in this case, I see investors, exhausted, just selling Rights at market prices and us dipping more until we see this take off violently.
Just hope it doesn't crash??? LOL Huuuuhhh, never mind. I've never seen such a huge OVERSOLD condition. In the meantime, get ready for more nasties....