Feb. 26 at 7:57 PM
$DFLI Explanation: shorts took down an easy target. Low volume, news with no numbers, little to no PR and brand trust building, only the CEO and CCO getting results, little management of public markets to attract institutional investors (but this was nearly impossible given the company profile at the time).
As you mentioned, the bankers gave the company sweetheart terms to reset their balance sheet based on projections and modeled out a price target between
$18.75-
$22. Why? Those trucking projections must have been attractive enough to accept warrants at
$12.50 and
$13.50 per share (banks saw at least 50% upside). We'll see what happens with rail and other potential revenue channels.
Looks like Alyeska Investments took a medium-sized position after all of that news and other institutions added.