The REAL RDBX story…I got involved originally buying puts at $8 because it seemed like a no brainer. Then it ran up to $18 and I decided to figure out why. After DD I went VERY long and some of it leveraged. Here’s WHY…you would not believe what institutions have done all week to stifle the squeeze once it hit $18. The original short interest was I believe crazy like +/- 279%. Institutional shares were supposed to be locked due to buyout. Etc etc, etc. perfect setup with a small float. Once it ran to $18 we saw just this week every-time it hit a resistance point of $11. Mind you the warrants at 11.50 were also supposed to be locked with the stipulation that if the stock trade above $18 for 20 days the buyout at like .87 per share would be canceled. First they came out and said oh we made a mistake and over reported SI it’s really more like 179%. Tank. Then Almost every broker completely removed the ability to buy calls. Only sells. Tank. Now yesterday the found a loophole to release 1 million shares somehow via warrants early Fri. Tank. One of the reasons is there were like 2.5 million ITM calls shares under open contract at $12. We closed at $12.01. Screw the corrupt bastards! This will pop big. The extra shares might’ve stopped the gamma squeeze from the way I understand, but shorts are paying insane amounts of money just to hold their position. Someone did the math and it was like they were losing $1 every 4 days they held a share. Mon is an extra day obviously. Lots of info on the Reddit #RDBX group. Not pumping I just want these corrupt manipulators to pay and pay big time. Personally I’m holding for triple digits. Good luck with your decision. Do your DD and if you agree help spread the word. Not investing advice.
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