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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > KENTUCKY FRIED SHORTS: Yummy...31 million shorts in PANIC
View:
Post by Hiddensecrets on Jun 24, 2021 11:58pm

KENTUCKY FRIED SHORTS: Yummy...31 million shorts in PANIC

Shorts are in panic as they need to cover 31 million short shares. 

RECO is the #1 shorted stock on TSX Venture

Rule change on June 23 forces shorts to cover as market makers cannot finance shorts any longer.

I see an AMC type of rally to $ 72 per share in the short term, as shorts will propel this stock to the stars

A little more in the longer term we will have a GME rally to $ 300 to $ 500 per share.



Look at their desperation:

- Fake news article with Globe and Fail

- Fakes news article with National Geocrap

- Fake analyst coverage with Vicerob

- Fake complaints with SEC 

- Fake complaints with regulators in Canada

- Fake lawsuits with ambulance chasers


In one word, IT IS ALL FAKE NEWS.


Why????

Because shorts need to cover 31 million shares and are losing millions on a daily basis.

Blockbuster news:    End of July 2021

Meal to be served:    Kentucky Fried Shorts

mpo
Comment by Letthebigdogeat on Jun 28, 2021 12:21am
I think earlier posts showed it's only approx 3 M shares short amounting to about $31 M dollars worth of short value. 
Comment by Seraphim1 on Jun 28, 2021 1:33am
If that was the case then we wouldn't be the most shorted company on the exchange....