Post by
TrickyGame on Jun 13, 2019 1:11am
The shorts are getting wrecked
There was 30,959 shorts borrowed on May 22 price was $0.04I've never shorted a stock but I know about it in thoery. You basically borrow X amount of shares from a broker. Share price falls you make money share price rises you lose money BUT if you have to give the shares back after a set amount of time. IF the share price rises you not only lose money you have to pay back the differance. Honestly I'm glad I never sold Stan's shares all these years ( been invested since 2016) I sold some when I needed money at the time but I always rebought what I sold when I had extra money. January this year was nerve wracking tho we were down to 0.015 cents I was starting to second guess myself it was hard to fight the urge to loss aversion but since then it's been a slow and steady stream of very postive news. Best case scenario Stan's is the biggest turn around story on the TSX venture of the last decade or more.
remember to do your own due dilligence or speak with a quailified investment advisor
Comment by
yixter on Jun 13, 2019 8:16am
I agree Tricky I believe this is a turn around story too, one option we have from what I understand is to sell the award to a 3rd party at a discount. This option intrigues me because of our pending lithium JV. Once the award details are made public it could be we pursue this avenue I know it’s an option I don’t know if they are in serious discussions about it.