Aug. 18 at 8:54 PM
$BINI
Almost all the people who are short MULN / BINI are regular shorts, not naked shorts.
It seems like you have bought into the pumper fantasy that the losses here are due to naked shorts.
In the real world, the price declines are due to the massive dilution.
During June and July, the number of shares increased from about a million shares to about 400 million shares.
These were not naked short shares, these were the dilution shares issued by BINI.
So some shorts do buy to cover now, but a lot of the people buying are averaging down.
If you read any posts here, you can see the number of people who say they are buying more shares.
You also see a lot of people who enter BINI trying to make money on a spike, and who end up becoming trapped by a 50% loss in three or four days. Then they buy even more shares to try to average down.
Do you even read the postings here at all?
