Facebook help requested - for Patriot One groupsI'm not on Facebook but I know there are 2 large Patriot One groups there. Would anyone reading this please consider posting the following message to the Patriot One groups? Would be greatly appreciated. Maybe it's a dumb idea, but maybe it isn't? Edit message as you wish!
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Fellow Patriot One investors, below is a summary of some advice that was recently shared on Stockhouse – please read:
Short sellers have enjoyed beating down PAT’s stock price by borrow our shares and sell them against us. But we can do our small part to remove our shares from their hands. Here’s how:
Put your shares up for sale as a LIMIT SELL ORDER. Choose a price that is significantly higher than the recent price range. For example, if price range is $1.75-$2.15, then enter a LIMIT SELL ORDER at around $4.00.
Go higher if you want but some brokerages will reject a LIMIT SELL ORDER that is too high. Why would they reject a high limit sell order? Because they want to make your shares available to short sellers!
Once you enter an accepted LIMIT SELL ORDER, the shares MUST be removed from the pool of shares available for short selling. Brokerage firms do not want all their clients entering ridiculously high priced limit sell orders as a strategy to reduce short selling shares. They make money loaning out your shares.
We won’t stop all short selling of PAT, but it is an action we can all take to reduce the amount of shares available to them. Whether you own 100 shares or 100000 shares – please do this today.