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Now is the time to buy and put the pressure on the shorts. Shrinking liquidity(low volume) with added buying pressure can push this over the edge. The shorts are looking at over 1.3 million shares alone on call options expiring next week between a $7.50-$10 strike price. Thats damn near 10% of the entire float.
Liquidity is drying up and volume was 1.18 million today. The lowest its been since this was under $2. With a heavy rush of buyers on this micro float (14 million) we can raise the price easily.
This would cause a gama squeeze and force the shorts to buy up almost 10% of the float by next Friday.
This was shorted at over 200% at one time just like GME. It wasnt until the options chain was introduced that the SI went down. You guys know the game...
Im guessing they owe over 20 million shares (on a 14 million float) on a conservative estimate.
Over 9 million FTDs from july alone are due. That doesnt count the current SI which is 20% and another 2.5 million shares. Or the 15% of the float on loan which is another nearly 2 million shares.
Im not even including the original 200% SI in these figures.
My position included for Doubters!!!!
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