Jun. 4 at 10:57 PM
$MOBX Waited for the off-exchange short sale volume data report for today. Based on Finra data, today's ratio is ~57%, meaning almost three-fifths of transactions have involved short selling. I have also asked an LLM to examine all possible dilution scenarios per the filings. Everyone can prompt about that and verify the answers by checking the filings themselves. What I see is that the initial Levision conversion corresponding to 2.5M shares was already completed in May. A similar right to purchase additional convertible notes for
$4M has been granted to Levision, exercisable over 7 months (a more detailed review can determine whether a new resale registration filing is required for it). An ATM with an original size of up to
$15.8M had been registered, then reduced to
$1.3M, and almost all of that was sold last year. Thus, today's low-volume RTH pullback may have stemmed mainly from the intense short selling rather than a dilution. (Nfa, just probabilities and inferences, dyodd)
