So we had a part 1 and a part 2.
I believe I need to post part 3 separately since it's a whole other story.
Note: I am not a financial advisor and this is not financial advice
I bring you part 3, the innerworkings of an under the table transaction.
The Art of the Deal
p1: Shares shorted, puts bought, shares held gone up to ATH by hedgefunds
p2: Bloomies updated, SI went from 8% to 48%, tradable float down from 300m to 60m
Why is Part 3 coming in so fast? The puzzle might be solved and the pants are down.
Strange how the tradable float can go from 300m to 60m and institutional investors at 98%.
This only means one thing, something shady is going on.
Piecing the pieces together, the float shrinkage is due to shorting and an artificial buyback without actually reducing shares. The thesis is that there is a takeover of WISH shares and the prices was driven down with puts and shorts so the shares can be exchanged at lower price. The results of the shorting and exchange created a low float and now as the exchange is happening.
Right now, the stonk dealers got caught with their pants down mid exchange and the shorts need to be covered and the transaction completed at a higher cost basis.
Edit* With such a low float of 1/8* the actual real float this WISH squeeze might be yuge.
Low float ✔️
High volatility ✔️
High Shorts ✔️
Pants still down? ✔️
I like this stock ✔️
CHECKMATE BETCH ♟️ (I am no simple pawn, but there are many, thousands, millions of me)
Grab shares and make your wish, aim for the moon and land on the stars.
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