Jul. 2 at 3:02 PM
$STI remember-the most recent PIPE offering of 2,333,000 shares...they CANT dump them all at once....converting that many shares would force them to do a filling (dont want that)...instead..play the 4.99% or (strong on risk) 9.99%..so now ur wondering..bottomed?..no idea-strategy: short HEAVY (they have the shares to cover)..retail may think.."why not do the same"?...you CANT-institutional desks get preferred rates/rebates...AND (probably can park money in a GIC earning to use to short)..the spread is minimal PLUS GIC earned...YOU, retail, pay the full pop to borrow to short-you get no preferred status...you pay FULL POP...heart breaking to see how the new norm of 'investing' plays out today-toxic lending gives retail ZERO chance of a win...just remember...of the 2,333,000 shares in latest pipe...theyre converting in traunches-they have NO PRODUCT-news is your exit to recover what u can on spike-
$CENN $BINI $BURU companies come to mid that made this into a SCIENCE
