pullinup, re RDBX short squeeze
RDBX is a pure short squeeze ala AMC and GME etc. CSSE @ $7.69 is paying 0.087 shares per share of RDBX - so at fair value RDBX should be trading at $0.67 rather then its closing price of $15.27. Yesterday, at Interactive Brokers, the borrow rate for shorting RDBX was 894% annualized, yet no shares were available. Shorts getting destroyed. PUT premiums are crazy high.
If its possible RDBX should try to do a secondary (like AMC and GME did) to bring in loads of cash at crazy prices.