48North Cannabis Corp. V.NRTH

RE:RE:RE:RE:RE:RE:There has to be some news soon

[run33]

run33 wrote:

xelanitram wrote: run33, That's a good theory except that it contradicts the IIROC Consolidated Short Report for the period. In the two weeks leadind up to April 15, all but 1.2M short positions were covered (i.e., 7M covered during the period). Hence, there were minimal short positions leading into the bottom. Hence, warrants are not being used to cover shorts, because there's practically none to cover. I'd suggest that both the run up (steepest part), and down, were largely due to retail investor pile-on, then sell off. Obviously, there was some shorting, too...but it's already covered

It's not a theory, it's exactly what's happening. They are not open short positions when covered immediately with the warrant.

Some will exercise the warrant and hold, some will short them out and scoop the $.18c profit. Personally, I'm holding but I don't blame anyone for taking the easy money.

It's over in a couple of days.

I also should mention, the event was triggered April 2nd. (See the landslide of a stock chart from April 2nd) but the company did not release the acceleration event in a news release until April 18th. That was a really, really $hitty thing to do to shareholders as it gave those warrant holders a leg-up to cash out at the best possible price while everyone else wondered why the stock was cratering.