RE:January 16 to January 31Youknowwhat,
When even attempting to sell short NGC.V shares whilst below the $0.18 NGC.V book to value per shar, the risk vs. reward is likely now slanted in favor of steadily increasing risk.
Following the recent company news release, specifically the actual and also the implied coming information conveyed therein, I wouldn't want to be trying to go about selling short NGC.V shares for a penny return or so; not when the share price can be made to gap upward at least 100% from today's closing share price.
The intended NGC.V short seller would be absolutely fiscally raped by his/her very own broker dealer when seeking to find enough shares to cover, this when the share price gaps upward 100% in one single moment perhaps?
Such a foolish NGC.V short seller would be made to lose all his/her shirts, so to speak.
Even with pledged NGC.V shares available, taking on such risk at this particular moment is simply just far too, well, risky.