What if the bad shorters cover with cheap PP shares?@Alminem As you are one of the smartest investors I've ever met in my entire life (not) I have a question for you.
So let's say a shorter holds a short position of 7 million shares right now and is willing to increase to 10 million. As the shorter keeps shorting the share price will go down even more to let's say $.12.
We know Zinc8 will need money soon for research and development and so on. Even our buddy allenjames said there will be another private placement.
We also know Zinc8 is giving big discounts of 50% like in the last one, so a PP unit would be priced at $.06 plus a free warrant.
What if a friend of said shorter participated in the placement and provided the shares to his buddy to cover the short position? That's big money guaranteed and the shorter won't go bankrupt!
What's your take on this?