TSX:BBTV.DB - Post by User
Comment by
smoking81on Sep 30, 2021 4:48pm
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Post# 33947512
RE:RE:RE:RE:RE:RE:RE:Short squeeze
RE:RE:RE:RE:RE:RE:RE:Short squeezeAs per your quote The average daily trading volume for the past six calendar months is 70,325 subordinate voting shares, and the daily purchase restriction for the NCIB will be 17,581 subordinate voting shares.
If you subtract the two, that means there will be only around 52,000 shares available for the shorters to buy back each day. In order for them to make money the price has to go down and stay down for 20 days if they use up all the voume. Most likely insiders will still be buying, so it would take many more days. If people put their shares up for sale at a high value so they can not be lent out, this will squeeze shorters and mostt likely they will need to repurchase their shares. 1,100,000 share repurchase will move this thing to the moon.