Oct. 3 at 9:59 PM
$KDK still hard-to-borrow. reminder: 90% of the SPAC shares were redeemed, leaving 5-6mm tradeable. the majority of outstanding shares are subject to lock-up restrictions, aside from maybe the PIPE investors. these are likely Cathie & Soros, and they don't appear to be selling. instead, Cathie has been building a position in ARKQ. shorts panicked because the borrow fees & buying pressure. considering the millions of shares trading, MMs might be selling naked to provide liquidity. between these naked shorts & others, they've artificially inflated the free float. if sentiment stays positive & buyers come in, they'll blow themselves up.
