$WeWork (WE.US)$ why halted?

Mcsnacks H Tupack : They are making a financial arrangement with a lender and with their late payments to avoid default.

73743637 OP : So PR was right?

Mcsnacks H Tupack 73743637 OP : yep

Mcsnacks H Tupack Lucky2828 : Will probably release in an hour when the banks open.
WeWork (WE) halted, news pending

Mcsnacks H Tupack Lucky2828 : That's 9.00 a share for half of the shares. Not all of them. So the price will only increase to 4.50. But short sellers will have to cover at that price and it will run to 13.00.  

Mcsnacks H Tupack Mcsnacks H Tupack : Also capital could be one of the short sellers and need about 5 million shares to cover. So this deal would save them because if they bought 5 million to cover their shares on the open market it would cost them twice as much if not three times.

Salmon Klein Mcsnacks H Tupack : master, you really think this is going to run all the way from 0.8 to 13? by today? that will be crazy

Mcsnacks H Tupack Salmon Klein : If they can make the deal it will go to at least 4.50. Then it will depend  on who the short seller is/was for it to go the rest of the way.

Salmon Klein Mcsnacks H Tupack : ok ok I see now. because of the halved share purchase at 9 dollars.  ummm, still very interesting. Hopefully, won't jump in a single step, and there is an opportunity to get in as it is currently halted. did you get good profits from Carbon?? hehehe, I sold a bit too early