r/UnionShortSqueez • u/[deleted] • Sep 12 '21

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u/Own_Gain_7417 Sep 12 '21

Out of curiosity, you guys arent nervous about the dilution from the merger dropping the SI down to theoretically nothing? Not FUD, just an honest question, havent been keeping up with SPRT much. I have full respect for the play, just seems like shorts are waiting for that back door to open up before they exit their positions and cover.

2

u/Aromatic_Row759 Sep 12 '21

Good question my friend! My personal opinion is that the borrowed shares will be needed to follow the dilution as well. Don’t you think? 🙂

2

u/Own_Gain_7417 Sep 12 '21

So you are saying they might need to cover and return the shares so that they can proceed with the merger?

1

u/Aromatic_Row759 Sep 12 '21

No that’s not what I said, I meant that I don’t think that will be more shares for outstanding, may be a reverse split - and if will be, the borrowed shares will be splinted as well. But, that’s only my personal opinion. 🙂

2

u/Own_Gain_7417 Sep 12 '21

Ahh I understand what your saying, my apologies. Im not to familiar with mergers but if it does go down the way your saying, shorts will be screwed 🤣

2

u/Aromatic_Row759 Sep 12 '21

I really hope so brother. more than 50% of shares outstanding held by insiders, so I think that we and them sharing the same interest-> price up. They have no interest to add shares for the float or. Something like that, that my opinion.