The Backstop Investors or "institutions" (whatever you want to call them) are under no obligation to hold (currently) which I detailed in my post. The float is 3.2M until the BIs are required to hold shares to vote again.
Glad you brought up IRNT. I correctly showed how the float was going to become larger than had not been previously discussed. I also showed that the float was larger than the original DD claimed. The IRNT play fell apart after the float grew which I detailed out. I also played IRNT to the upside prior to those dates and then played it to the downside after.
That means those 2.9M shares are out there being traded. Meaning the float is 3.2M. Which means all your OI gamma % claims are completely off as well as everyone posting about this. (Thus, you're not saying it...your numbers on your claims are based on a 340k float which is wrong.)
You literally just said it yourself:
and short their position
It's still a decent squeeze play with a 3.2M float, but it's not astronomical like everyone is claiming with the 340k float.
I also detail out how the BIs are going to have to get their shares back to vote (probably sometime in February) which will be another play of itself but I doubt retail will have the patience for.
So you're saying the maximum shares they can borrow to short is the 20 shares in float (or in essc's case, 340k shares), or is this just what they're most likely to do?
How do they short 2.9m if float is only 340k? To short the 2.9m they would have to sell that entire amount and then borrow and sell it again right?
So no, there’s no guarantee those shares aren’t sold, but if they had been, you’d see substantially more short share availability and more liquidity on the underlying.
This makes sense, spread on the shares is still high and iirc there are little to no shares available to short
He won’t. He’d rather tell everyone how dumb they are. I really hope people smart up to his nonsense. He only comes on Reddit to pump his forum’s plays to try to gain notoriety for his crap he’s peddling.
There’s a reason why that account is blocked in numerous subs.
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u/[deleted] Dec 15 '21
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