RE:Latest Short Datashorters loaded up hoping to cover with the bought deal at .31. It's legal in Canada.
But 72M shares is not enough to cover 226M shares shorted (630M shares out as of today). 35% shorted - that's quite high. Probably high enough for a short squeeze this time. Diamond hands...if there is ever a time to hold strong, it is now.
Sell now and they profit from the short, after they've covered we go up - STUPID
Don't sell and trigger a short squeeze so all the buying pressure will be concentrated to rocket us to the moon - SMART
Shorts can't hold forever as it is like a loan with time limits. Don't get fooled by short ladder attacks. We need to buy as much as we can at the .31 floor. This time the shorts can't be saved by a bought deal as it would be illegal to participate in a bought deal when you are in a short position (I think - maybe legal can comment on this).