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Finance Thread

Discussion in 'Permanent Threads' started by ryrob, Oct 21, 2009.

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  1. effinshenanigans

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    Let's see it break $3 first
     
    #1281 effinshenanigans, Apr 9, 2021
  2. toytoy88

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    ...and we're into the red.
     
    #1282 toytoy88, Apr 9, 2021
  3. Popped Cherries

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    Just to throw a little info your way about short squeezes, hedge funds can extend the expirary date on their options indefinitely through some only available to them ways. The reason the short squeeze worked with VW and GME is because of the amount of buying that was happening in tandem with very little shares available to cover below their short amounts. You need both of these things present to actually squeeze, if you are missing one, the shorts will always win. There's no volume on this stock to pressure short sellers, I'd seriously think about getting out before this drops back to the cents instead of dollars range of trading.
     
    #1283 Popped Cherries, Apr 9, 2021
  4. Revengeofthenerds

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    #1284 Revengeofthenerds, Apr 9, 2021
  5. effinshenanigans

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    What a rally EOD for GTII. I stopped watching and just came back to look. Was definitely not expecting that.
     
    #1285 effinshenanigans, Apr 9, 2021
  6. Nettdata

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    No shit!

    E9EE5939-45BA-4097-A0EB-8810854279F8.jpeg
     
    #1286 Nettdata, Apr 9, 2021
  7. Nettdata

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    Then I realized it was the wrong GTII.
     
    #1287 Nettdata, Apr 9, 2021
  8. toytoy88

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    I left the house right when it went negative for the day, the close was a pleasant surprise.
     
    #1288 toytoy88, Apr 9, 2021
  9. effinshenanigans

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    Still impressive when it's the actual one, too
    Screenshot_20210409-174345_Chrome.jpg
     
    #1289 effinshenanigans, Apr 9, 2021
  10. toytoy88

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    What you say is true, however the maneuver they use to extend the date is, at best, quasi legal as it involves laundering shares. It was made known that the sole reason for the dividend was to expose the shorts, so it would take a pretty ballsy, not to mention greedy, MM willing to take on the task and risk the fines and possible loss of trading rights.
     
    #1290 toytoy88, Apr 9, 2021
  11. Revengeofthenerds

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    #1291 Revengeofthenerds, Apr 10, 2021
  12. toytoy88

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    That's going to make things even more interesting. I'm going to have to do some more research now to figure out what the hell this could actually mean.
     
    #1292 toytoy88, Apr 10, 2021
  13. Revengeofthenerds

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    I’m at the very least interested in the company. Even removing the potential for a squeeze here, I’m reasonably confident I’ll get out of this in the green.
     
    #1293 Revengeofthenerds, Apr 10, 2021
  14. toytoy88

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    I'm less than confident given their $44K income last year as opposed to their somewhere around $900K debt. Not to mention that they have one full time employee. That is not a solid foundation, it's all smoke and mirrors. Their acquisitions are purchased with newly issued stock, further diluting the pool. I give them an A++++ for effort though, they're fighting this short with everything at their disposal, so they have my respect (And my money. For the time being.)

    I don't see this as a long term.
     
    #1294 toytoy88, Apr 10, 2021
  15. toytoy88

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    #1295 toytoy88, Apr 12, 2021
  16. Nettdata

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    Some interesting shit in GME land.

    They are now paying off their debt, in full, in cash.

    This opens them up to doing a dividend, which the current bondholders would not allow until the debt was satisfied.

    An issuance of a dividend will require the shorts to return their shares or pay the dividend out of pocket.

    [​IMG]
     
    #1296 Nettdata, Apr 13, 2021
  17. toytoy88

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    #1297 toytoy88, Apr 13, 2021
  18. Revengeofthenerds

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    wasnt this why GTII did their dividend?
     
    #1298 Revengeofthenerds, Apr 13, 2021
  19. Nettdata

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    Similar, I think.
     
    #1299 Nettdata, Apr 13, 2021
  20. Revengeofthenerds

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    sorry, their warrant. Not dividend. Still trying to figure out how to get my warrants from fidelity, or where they’d be in my account
     
    #1300 Revengeofthenerds, Apr 13, 2021
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