GREY:EORBF - Post by User
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NeotraderQCon Apr 17, 2019 1:30pm
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Post# 29639192
Short covering commenced on OTC
Short covering commenced on OTCI believe there is a massive naked short position on the OTC (DTC side) which has been there for quite some time. My belief is that the covering has started and that if my estimate is true on the amount of volume required to cover this short, that the price on the OTC could skyrocket prior to the re-commencement of trading of the common shares on the TSX or TSX-V.
The movement suggests to me the fix has been implemented and is working as was designed and hence why Outotec has given them 8-9 million to get rid of the lawsuit and IQ following with the 2 million to support operations until the Plan of Arrangement has been defined. lets hope existing shareholders don't get ficked, normally they would but with IQ and FED having an equity stake, crafting a compromise like that would be much more difficult for major shareholders to accept.
Time will tell.