Maybe CREDE was some of the shorts to begin with. This market is so crooked, I wood not put it past anyone to allow this to happen. If CREDE was part of the shorts, this will allow them to cover their shorts making a profit and then allow them to profit off of these shares they just bought in the future.
With the amount of shares sold yesterday and over 300,000 shares sold in about 1 1/2 hours today, the shorts are being allowed to cover. What amazes me is how this whole thing came about. This looks like a plan from the very beginning. THe shorts had complete control of the stock price and were not going to let it move. Now, they will be able to cover with this help and when the time comes, this stock will be allowed to move. Not until the shorts allow it to move because they are still in charge.
THE PROFESSIONALS DO NOT LOSE EVEN WHEN THE ODDS ARE AGAINST THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This action proves this once again.
I totally agree with you 3ball.These deals don't usually happen overnight and surely Crede had enough time to short this M/Fer ever since they knew that they would buy into the company trying to take the price down and get the most convenient deal .Wondering why there is that specific clause that prohibits them to short the shares they own,is it .....cause the management discovered they are champions at this game?This is my perception.
Would be of extreme importance to let the MANGT know how shareholders feel about this #$%$ flop.
The professionals shorted tesla and lost. They will short this and lose too. There's no real substance to your claim that CREDE was dilution that helped the shorts. There's no reason why he would flip around and sell his shares- the only thing he might do is lend out more to be shorted but that doesn't help or hurt covering.
Mershaw, I am not not able to understand what do you call dilution?? Till the news we already down 20 cents which is around 10% of the current pps and you don't agree there is any dilution? The buyers did not take this news as positive or shorts did not like it, either way the price is down no matter what. But the same question still exist, why the shorts are still not leaving it alone? why they are accumulating and know that we don't?