LogFAQs > #949948737

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Topic	Stock Topic 14
red sox 777 01/26/21 4:17:09 PM #478:	The idea would be to issue the new offering to the shorts so that they can cover using those shares. I am envisioning the board feverishly working with their lawyers right now about how such an offering could work logistically and legally without causing the share price to plummet. I suppose if they offered, say, 10% of the current amount of shares in new shares, it wouldn't make that big a dent in the short squeeze dynamic. There would still be over 100% shorted. And 10% I think would pay off their debt in full or come pretty close. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:949948737] in Stock Topi... [t:79250132]...</cite> <quote>The idea would be to issue the new offering to the shorts so that they can cover using those shares. I am envisioning the board feverishly working with their lawyers right now about how such an offering could work logistically and legally without causing the share price to plummet. I suppose if they offered, say, 10% of the current amount of shares in new shares, it wouldn't make that big a dent in the short squeeze dynamic. There would still be over 100% shorted. And 10% I think would pay off their debt in full or come pretty close. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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