OTCPK:MEDVF - Post by User
Comment by
woolcoon Feb 21, 2021 11:50am
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Post# 32621551
RE:RE:RE:RE:RE:RE:No way, Medivolve share prices stay at these levels
RE:RE:RE:RE:RE:RE:No way, Medivolve share prices stay at these levelsWhere is the proof of all the "shorting" I keep hearing about.
I do know that several large hedge funds that bought1M plus shares from the January offerring at 25 cents plus a warrant...at 40 cents...instantly short their entire position to lock in their gains intstantly Unfortunately Medi is a young company and not so descerning who they sell their private offerrings up to....( hopefully lesson learned)
From the pricing action and the volume ( over 6M on Friday) I expect those short positions are no longer going to grow....as these hedge funds will need to cover their shorts with their own shares that become unlocked in May...and anyone new to this story would be an idiot to add to short position...given revenue and PROFIT profile...being announced in approx 60-75 days.