Dec. 3 at 1:26 AM
Getting ready to liquid the last of my large short position. At this point the smart retail money has capitulated and only the retail diehards (and Die gets the emphasis here) remain.
That means most of what’s left is held by index funds who are forced to hold the stock until June.
Frank knows this and will dilute by hitting the ATM hard before
$ATOM is removed from the R2K and thus the ATM.
I expect this to trade 10% or so below the
$IWM from here to June after factoring in the dilution from the ATM (approximately 30%) as 10 Million shares will need to be sold just to maintain a years operating cash.
I’ll jump back in to the short on any spike caused by another bogus press release. (There is a sucker born every minute who is new to this “story”).
The July 17th
$2.50 puts should be bought hand over fist if that happens.
Just my .02, if there’s still anyone listening.
Once I sell, I’m taking a hiatus from the Atomera board.
