$WORX @Pewpewpew15 @apache2a The carrying cost of shorted shares is the least of any shorts worries right now. What really matters is that all shorts (naked and retail) are 100% fully exposed to unlimited losses once trading resumes. They could be hit with a margin call that will take years to pay back. Longs on the other hand have limited losses and unlimited potential gains to look forward to.
@jmrks @jfinch0 @apache2a Sorry Junior Mint, you got it ass-backwards. At last report: The number of shares outstanding of the registrant’s common stock as of June 3, 2020 was 9,385,582. To keep the math simple, let's round up to 10 million. It could be more, we'll know if/when they file the 10-Q which was due May 15, but they "promise" to deliver it June 29, this Monday. If they issued 30 million "new" shares, there will be 40 million shares outstanding. That's huge dilution increasing the shares out by 300%. HUGE DILUTION. That all by itself would crash the stock to pennies. This is covered in Stock Market 101 investopedia.com/terms/d/di...
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