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06/07/18
10:51
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Originally posted by 87billinvest
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Holders of this stock are not the only ones with skin in the game. There are the shorts too. And there are those hoping to drive the drive down to buy super low, including potential takeover buyers for the company. That is why you see the ongoing negative posts from those "helping" other investors - it's not rocket science to suggest that those "helping" are talking their book.
Btw if WPG management pulls off a deal and the stock reopens at 2.5 cents or higher and spikes up as shorts have to cover, there will be some shorts who will lose their shirt. Going long the most you can lose is 100%, a short can have unlimited loses. And 2.5c or higher is no pipe dream, that is still a steep discount on the value of the assets.
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There's certainly a steep discount on Tarcoola and the potential of their JV holdings. I don't mind if the shorters lose their shorts as well as their shirt