Re: Short interest has been updated, can someone check the numbers....
posted on
Jun 21, 2019 09:18AM
The short number on the WT.A warrants is certainly intriguing....93,252 (I like commas). If we assume 5,000,000 WT.A warrants outstanding (in some dispute I know but its a number) then short interest on these warrants is almost 2%, exponentially higher in % terms than the actual shares.
I think I've got a decent idea of how things have played out....and its all good.
The share offering invited a short attack, that in turn tanked the PPS.....then those of us who've been selling shares in order to buy warrants allowed those behind the short selling to cover off a sizeable chunk of their short position(s)....bringing it back down to the same amount (more or less) that it was at before the share offering news hit.
All this of course is jmho, but its what I think happened. The shorts made their money.....bully for them. But in terms of BETonMACE and its prospects, nothing has substantially changed except a small degree (small imo) of dilution.
Hopefully we'll be finding a base soon and then start heading back to the Mcap we saw before all this happened.