RE:RE:RE:When do the shorts have to cover? 🤣😫Maxmoe wrote: Theoretically shorts never HAVE to cover. They do have to keep cutting cheques to cover their losses unless they are hedged. That's my favourite part. Theoretically, losses are unlimited. Shorty can lose not just 100% of the investment, they can lose 2X,5X,30X . They also have to cut cheques to cover the dividend. The borrow rate can also go up or down depending on how many shares are available to borrow. It's a loan like any other. It does appear the Ath shorts are tied/hedged almost 100% to the warrants that were freebie sweeteners with the debt refinancing. The warrants don't trade. That's when short interest jumped from 4 million to 38 million and where it's more or less stayed. So the ATH shorts will unwind when the warrants are exercised. In the meantime, we can just ignore them. As you suggest, there are a few "posers" but no "players" involved.
Quick question Max, do you know how many warrants were issued when the debt was restructured. What ever that amount is will be added to our share count at some point when the warrants are excersized, correct