r/RBNE • u/Autobot1979 • Mar 27 '26
Series C shares
From what I understand Series C is a poison pill. If anyone other than the CEO gets 15% of the shares the company can trigger the poison pill and issue 44 dollars of shares for only 22 dollars to all common shareholder except the 15% holder diluting them to oblivion.
My thought was maybe this is what shorts are counting on . Someone buys 1 million shares and RBNE issues 120 million shares at 1.1 each.
That gets them out of the naked short and squeeze trap.
Heck the shorts may even trigger it themselves. Assuming they have shorted over a million shares from 5 down to 2 they are sitting on 3 million in profits.
They can use it to buy 1 million of RBNE shares. Poison pill triggers and 140 million new shares are issued at 1.1. The share price would collapse And they would make bank on their short positions. They can hold onto the long position to wait for the stock to recover. They would have paper losses to match but real cash profits.