LogFAQs > #966828133

I think actually selling at $1.01 is hard and actually buying at $1 is hard. This is basically all algorithmic movement.

This is what happens when you have

Two short hedge funds with 22 million shares a pop known for trying to death spiral stocks (one of which has warrants to hedge a run-- although the amount of warrants they have is low now as most have been exchanged or cancelled)
One short hedge fund with 11 million shares that is also the market maker for the stock and owns a huge stake in the main competitor company

Fuckery happens. I'm so convinced that SOMETHING happens tomorrow that I bought some 1c AND 1p to hedge. There's just no way they can maintain this amount of control if there is news, and there will be news tomorrow.

We've been seeing a lot of signs that the merger actually will happen and soon. Notably we had a lot of seemingly random staffing changes that would be required to proceed for the merger in the 8-K filed last week. They also brought back Farnsworth as CEO a couple of weeks ago which is also required for the merger to proceed (detailed in their initial merger filing way back in January 2021). Unlike the theoretical Tyde dividend "forced" cover which is only forced in the sense that it's just stupid to continue to short it rather than cover (because the market maker itself is in on the fix, that was thrown out the window-- wish I'd put that together a while back but oh well), merger does FORCE short positions to close due to changed CIK for the ticker, so I am excited about it.

They could also do things a funny way and have Zash (the merging company) buy them out and merge into a private company-- I honestly wouldn't mind that, as the purchase price would be well above the current stock price. But I think they'll do it the other way, and I would prefer it.

There isn't much time left for speculation. The stock is primed to launch. It's either gonna rocket up or they're going to go for the killing blow and sink it-- but I just don't think it can actually be killed. It's just not a real bankruptcy risk and it has too much growth potential, and too many ape investors and institutions are loading it for it to delist.

But it can't stay at the low $1 range much longer.