TSXV:NDVA.H - Post by User
Post by
LongTheGreenson Oct 07, 2019 11:46am
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Post# 30203742
NAKED SHORT: A SQUEEZE IMMINENT
NAKED SHORT: A SQUEEZE IMMINENT There has been naked short selling and a market maker manipulating INDIVA share price, specifically on the US side. This activity is being documented and if the fund responsible is lucky enough, they will be able to cover before being discovered by the IIROC. They are clearly waiting for INDIVA to repay the 4.7M in convertible deb (due Dec 13) which INDIVA will have no problem repaying due to multiple financing options based on OWNING the facility in london and ability to borrow against it or receivables with the OCS. Once this occurs, the shorts will flip long from depressed prices, further capitalizing on the security on the bull side.
A short squeeze is likely to ocurr very soon, this will encourage covering and a nice rally. Pay attention to volumes picking up and look for a 100% move over a short period of time.