Correct. By capping (Illegal) he has got half of the fill he needs for Tuesdays T+2 below that probably by loose holders gifting it below 53c. He will disappear after 54c is taken out. I will bet on it. The share count is probably 1.5m to 2m naked short over the week and I reckon by tomorrow afternoon if it stays above 52c he will be in trouble and will have to be a big buyer 1m + shares.
Its a poker game, and we have the 3 of the 4 aces he is looking for. No way I sell.
PLS rallied T+2 rallied today and that was shorted heavily, with some prospect of finding shares. This guy has zero chance of finding buyback shares. Some selling is just following and really should stop if they would prefer selling at 64c and not 54c.
GG
Naked Short Squeeze Time, page-7
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