Apr. 20 at 4:37 AM
$NCI NFA but IMO: Between now & May 11 NCI will VERY likely hit
$20 & might even exceed it
I’m putting a comprehensive DD post together w/ full supporting rationale AND receipts- for now, here’s what this
$20 PT is based on:
Numerous (15+) SEC filings since IPO…short to float ratio…borrow rate…original IPO/warrant holders w/ a
$20 strike price (prior squeeze from 2/10 to 3/10 @
$13.81 peak kept them all too far under water)…the May 14 2024 20-F "Related Party Transactions" & ownership structures confirms the controlling shareholder’s grip: there are literally NO subsidiary lending programs or off-book entities authorized to loan out shares to cover short positions & the company’s 98.68% ownership block is entirely walled off from the lending market…the current tradable float is LITERALLY only 250k shares & current 924k shorted shares are completely suffocated 4X
On 5/12 14.85 million new shares come out of lockup so I won’t hold past May 11
But until then? BUYING MORE
🟩🟩🟩💰💰💰
