GREY:RNKLF - Post by User
Comment by
MonstaDrivaon Dec 06, 2018 7:37pm
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Post# 29079622
RE:Royal Nickel post from " ceo" for those interested
RE:Royal Nickel post from " ceo" for those interestedJimpro63 wrote: Myself, I just know a solid Investment and don't really care about this stuff much .
@Nu2me post from RNX investors group Facebook pageI just wanted to share for those who are not aware what is currently going on. Rnklf is currently listed on Finra's website under the rule 4320 flag. What this means is short sellers are being flagged for not returning the shares bored in time and it causes this flag. This paired with the increased interest rate on the shares available to be borrowed is actually great news.
I suspect they will try to pull it down even more to try to hit stop losses to cover their shares they cannot cover. After 13 business days pass from 11-29-18 which is when this started if the shares are not returned then the broker purchases all the shares back immediately into the ask price.
https://otce.finra.org/RegSHO?fbclid=IwAR2yDv_W__HZYyR3CYIdK7rsO0eVMd7VovBKmI3ww0iD3ULoyBLixAMEAJ
I plan to do my part tomorrow and buy more shares at the ask price . But I do have a question Jimpro . Does this mean if they drag around a week before closing , or even the last day and the price has shot up to say .83 , then they would have to pay an even higher price for those shares ? Am I understanding it correctly ? Like they could either just pay the going price tomorrow or chance paying a lot more the longer they wait ? Buy shares people , build your winnings and keep the shares up and out of reach of the shorters . Make em pay ..