RE:RE:RE:RE:iiroc month end report
Maxmoe wrote: Maxmoe wrote: dandu1924 wrote: So when they will need to cover, ATH will flying as a rocket and beat an another high, just watch and smile.
I'll point it out again, that the large short position is tied to the warrants from the debt refinancing. It's not a reflection of anyone being "bearish". More like it's arch conservative debt holders that decided to just lock in their gain on their warrants by shorting stock. They can cover any time they choose by exercising the warrants. In effect, all the shares from those warrants have been pre sold and absorbed into the float. If any warrants are cash settled, I'm not sure how that works in terms of creating a "squeeze" or not, but in the meantime the short is nothing to get fussed about
To clarify, this is my long standing theory, not definitive.
I agree otherwise I think we'd see a mass exodus with the $160M news and SP climbing like it has of late.
I post the iiroc data just to show monthly change.
The risk level with ATH isn't zero but about as low as it can be so nothing to fear except Putin, Trudeau, Notley, Biden. . .
go ath go
I agree otherwise I think we'd see a mass exodus with the $160M news and SP climbing like it has of late.
I post the iiroc data just to show monthly change.