you could be right but maybe it goes to12 first or maybe it goes to 3.
that is a nice size position. there may well be a dead cat bounce in the stock on monday. please explain why yo think it is worth $26.
"unjustified fire sale" the stock price says you are wrong. the secondary offering price says you you are wrong. the fact that insiders and the company were willing to take a price 30%+ off the peak.
says you are wrong. the amount of shares sold says you are wrong.
I would not be quick to personalize as you have done.
your post is complete nonsense. secondaries happen all the time people didn't go short just yesterday ir if they did it was some on the spike into the twenties and are making money. other shorts are still losing money. on their positions.
this was information was from a post on this board. i don't have the link. you can do a search on this board or start a new topic and perhaps someone will respond. if you find out please provide me with the link.
my recollection is that bond and ban loanscovenants is forcing the co to reduce debt because of reduced ebdita to debt ratio. my guess is that under current there will never be stock repurchase. if they could do it t, with price of stock down 90%+ they would have done it.