OTCQB:VVCIF - Post by User
Comment by
chunkytoaston Feb 16, 2018 11:45am
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Post# 27572521
RE:3.50 it is
RE:3.50 it isYou're right, SS, it did close at the agreed price today and so will the abcn financing on the 21st. after they made the deal there was an increase in short selling. it got me thinking. if I was doing a deal like that, how would I stabilize and insure the risk to prevent a capital loss.
The same thing is happening to abcn. lots of short selling at 3.50 - 4.00 and all the way down. market makers would be involved and they don't even have to borrow the shares.
I'm more confident than ever, the deal will close on the 21st without a problem..chunky