FFIE (it became troublesome to think about titles)
When the total number of shares was thought to be around 40 million, it turned out that it was actually 400 million
This is because management became difficult and they were issued as convertible bonds for about 4 months, but submission of quarterly reports was delayed and information revisions were delayed
It seems that the number of 400 million shares has been issued over the past few months, and since the report came out and the data was suddenly updated, I panicked (that it was diluted overnight)
What was initially thought to be a 90% short rate was 9%, and it is estimated that it may be around 20% even if recent sales are included
Nonetheless, GME also started about that point, and if the story of Dark Pool is true (probably yes), it can be predicted that there will be quite a bit of short sales
So, from here on, the delisting case
Omitting details, the stock price is over $1 for 10 consecutive days, and the expiration date for this is until 6/25
However, since the quarterly report was delayed as described above, it seems that this was the main basis for the most recent delisting decision notice
So, since I applied for an extension until the NASDAQ public hearing, it's unclear until when, but the delisting was postponed slightly (somewhere in July)
It seems that there is discretion to further extend this public hearing for up to 180 days
Whether it's delisting first or when hedge funds reach their limit first, somehow the situation hasn't changed
And Reddit is bullish![]()
Of course I'm red![]()
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kenau : Thank you very much for the information! Now I've solved the mystery. If you wonder if the display is a bug, such as Moomoo only short sale remaining 1600%, it means that only Moomoo was slow to correct. Even though it's only 40 million, I've also solved the mystery of 200 million short sales.
mil0OP kenau: It happened unexpectedly, but bad luck was strong, and it seems like it's going to be an interesting show no matter how it turns
ヤーレンズ : FFIE has been listed on the “threshold list” by the US Securities and Exchange Commission. Probably from 5.9. Since it means that inappropriate short sales by the agency have been officially recognized, it is probably not positive, and it seems that it is really true.
mil0OP ヤーレンズ: The total number of shares was 400 million from the beginning and sold from 3.6 dollars to less than 1 dollar, so I think considerable sales have accumulated.
Actually, I think people over there are also quite impatient with this way of being sold.
kenau ヤーレンズ: Fraud was discovered even at Game Stop and it became a problem, but I wonder if it hasn't improved at all; securities companies probably cheat because the more they lend, the more they make money, but since there are no severe penalties, they won't stop, and if they don't stop trading for half a year (almost bankrupt), it probably won't change