Fobi AI Inc V.FOBI

Feel that whoosh?

[Seelow7]

That was Empower Clinics blowing by $MTRX.  40million shares traded in 3 days.  $2.22 sp and climbing. What does $CBDT have that Loop doesn't have?  Oh yeah, a massive wall of short sellers.  GLTA Stay strong #LoopArmy

[Guttermouth70]

What's the actual short position on Loop? I've seen posts of 15M and 715,000. Anyone have the actual number to share?

[pacer217]

According to CDN Insider,  as of Feb.15th posting,  the shorts dropped from about 720k down to less thann 200k -- almost nothing. NOT an issue, leading up financials which should be out this week.

[Guttermouth70]

So, essentially no one is shorting loop at this time. We just need some deals. Anyone heard anything lately on Uklips?

[HTNYC1]

That was my question as well from last week when people were touting the massive short numbers. I couldn't find any sources over the one that i cited that has it at 1.1m but hasn't been updated since feb 15th: https://shortdata.ca/stock/MTRX.V/ My take is that shorting definitely occurred but has dramatically eased since then but the process of the death by 1000 cuts has dented the

[Guttermouth70]

Thanks NTNYC1. Also, isn't naked shorting when there are more shares shorted than available to be traded?

[HTNYC1]

Correct. It's when the shares short exceeds the free float and so people are effectively shorting stock that cannot be bought back if needed. It's also in theory, illegal, but i'll leave the minor ethical and fiduciary technicality for regulatory minds far smarter than my own...

[DannyRocket]

Lots of naked shorting happening

[Guttermouth70]

A deal with Rexall for 30 clinics. Significant testing revenue.

[Chitoryuteacher]

hey Seelow, you think loop will start to climb soon? 

[Fenwickfox]

I sold CBDT today. That run won't last, the fact there is a wall of short sellers is your clue.

[Rogatien]

Selling CBDT = BIG MISTAKE

[Fenwickfox]

Maybe. Maybe not. Gas has to run out soon, even on good news. At worst I miss some run and buy back a little higher.

[Seelow7]

I sold $CBDT too.  Tripled my play so I'm very happy.  More funds to buy $MTRX before earnings.  GLTA