Schnitzel lover
Regular
Hey Labsy,I'd really like to know where the heck they will find the 101 mill shares to buy back on a whiff of good newsseriously... I'd be shitting myself if I was them now. Volume is crazy low as it is. Perhaps some will dump on 100% profit but what of all the conservative investors who will also want to buy in on positive news etc etc...I see this hitting 5 dollars or something stupid just to cover shorts... unless they bail out slowly but the numbers aren't showing they are just yet.
I assume you’re taking the Mickey here?
I’ll answer the question anyway.
There’ll be plenty of shareholders ready to take their money out if they can get to breakeven.. Since it’s likely that anyone who bought in the last 2 years is anywhere between +25% ahead to -90% in the red. There’s your sellers right there.. Not to mention any value traders who bought in over the last month, will be happy to book in 100,200,300% profits also soaking up that short cover volume..
All that will happen well before the 50c mark IMO