pullinup, re RDBX short squeeze | KTCC Message Board Posts


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Msg  6123 of 6204  at  6/14/2022 6:33:01 AM  by

fabulouspoodle

The following message was updated on 6/14/2022 6:33:35 AM.

 In response to msg 6122 by  pullinup
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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.


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