This was a huge media pump and dump. So glad to see it backfired by doubling after they sold. Best part is they expected their announcement to tank the stock so I bet they went short after the dump and got killed. Couldn't have written a better ending. 🤣
Not even sure that we saw the real dump yet. I would not be surprised if this was coordinates via guerrilla marketing so the bondholders etc could convert and exit in a managed and profitable fashion. The business itself is toast. Absent this narrative, and fed goosing, this could have never happened. If Martha Stewart can go to jail for insider trading is Adam Aaron gonna bunk with the warden? Where the hell is the SEC?
Unfortunately my gut tells me that SEC and other responsible parties are involved in all this. Naked shorts have been banned since 2008 and yet we still see them in both GME and AMC. The sad truth is they always win no matter what because they are to make the rules. It’s just the matter of closing the positions at the right time before things cool down. Some retail investors became millionaires with just couple of trades, which makes me happy
20 30 million profit it is a lot but is not for what’s happening is better because we get to hold more shares there’s nothing that’s goin to stop this squeeze from happening only god can and god is with us
This was a huge media pump and dump. So glad to see it backfired by doubling after they sold. Best part is they expected their announcement to tank the stock so I bet they went short after the dump and got killed. Couldn't have written a better ending. 🤣
Not even sure that we saw the real dump yet. I would not be surprised if this was coordinates via guerrilla marketing so the bondholders etc could convert and exit in a managed and profitable fashion. The business itself is toast. Absent this narrative, and fed goosing, this could have never happened. If Martha Stewart can go to jail for insider trading is Adam Aaron gonna bunk with the warden? Where the hell is the SEC?
Unfortunately my gut tells me that SEC and other responsible parties are involved in all this. Naked shorts have been banned since 2008 and yet we still see them in both GME and AMC. The sad truth is they always win no matter what because they are to make the rules. It’s just the matter of closing the positions at the right time before things cool down. Some retail investors became millionaires with just couple of trades, which makes me happy
Thanks.... those shares dropped like bananas for the hungry apes! The dip was a buying opportunity
20 30 million profit it is a lot but is not for what’s happening is better because we get to hold more shares there’s nothing that’s goin to stop this squeeze from happening only god can and god is with us
This is the way
If you will catch heat for issuing shares why not stripmine retail by making it sound great. This is horrible news.
Exactly! Like I just found out that this was planned back in December 2020 and Mudrick’s $27/share was above the market price. Why not mention this?