Aug. 21 at 1:50 AM
$LCID its the PIF and the deal with
$BAC
Bank of America agreed to buy 35 million worth if shares at 8$+ right before q1 but they of course knew it was going down into the dirt.
My belief is the deal was Bank of Amercw woild short it and make money also lending out shares and selling calls that would expire worthless.
This has been occurinf for months to negate a short squeeze.
Then they plummeted price with q false rumor to allow the Prince to enter at 2.50 going kust below a 50% drop to kill
$LCID to destory it and give liquidty to thr princes buy.
They dont want a short squeeze. They dint want price high. It does nothing for them ans makes hoovering up the floor stay cheap.
No short squeeze will he allowed until they own almost all the company and they want to raise funds publically. Then it will go squeeze > offering
