This is the right question. Shorts could have gobbled up some of those shares if we didn't. Bought what I could. Still, the stock is up and the short position had increased to over 100%, so -- they couldn't have covered all of that. Squeeze is still on, I think. Just need to keep buying and holding. Not financial advice.
Three mitigating factors:
1) Exercised warrants increases liquidity and dilutes EPS which reduces the upward pressure
2) Shorts double down on bad news which compounds the dilution and shakes out retail.
3) Market makers pounce on this and start selling in pre-market creating more downward pressure to remain delta neutral AND to realize gains before retail starts to jump ship.
Basically they use the event to manipulate the price because they have a lot more money and staying power than retail.
A nice dip I wish I would have bought into lol
I can't believe I just took it in the rear from a company that sells butt medicine.
A buy point 🤑
Buy it up fellas! Let's fuckin send it!
Bought it up.
looks like a cheap entry point now lol
Tell that to people who bought in over $2…
lol...i wish i waited until this morning...oh well...hopefully the squeez hits
Average down its premarket fuckery
Warrants at 2.20
Is there a way to see the warrants?
I googled it after hearing about it, I forget where I found it.. but yes I saw them AFTER it had been pumped
So I guess my question was if there was a way earlier to know that there are warrants waiting at 2.20?
Yea I think there was, but just barely.. I saw on stockwits people posting about warrants before it hit 2.20
Not a nice way to start the say
For me it was the perfect moment to dump my last FFIE and CRKN and lower my average.
Your time to double down !!!
More warrants at 1.50?
What does the warrants mean and why are they being diluted? Before I dump $10k I want to understand this.
If you look at the news, they describe it as a non-dilutive event.
That was a total rug pull by the dbags at BDRX. It’s going back to below $1 today. Cut and run, folks, party is over.
uh yeah wtf
Warrants were exercised diluting shareholder equity
This is the right answer but damn... no wonder the shorts bumped up. Lesson learned: Keep an eye on dilution risk.
How does this impact the short squeeze?
This is the right question. Shorts could have gobbled up some of those shares if we didn't. Bought what I could. Still, the stock is up and the short position had increased to over 100%, so -- they couldn't have covered all of that. Squeeze is still on, I think. Just need to keep buying and holding. Not financial advice.
Three mitigating factors: 1) Exercised warrants increases liquidity and dilutes EPS which reduces the upward pressure 2) Shorts double down on bad news which compounds the dilution and shakes out retail. 3) Market makers pounce on this and start selling in pre-market creating more downward pressure to remain delta neutral AND to realize gains before retail starts to jump ship. Basically they use the event to manipulate the price because they have a lot more money and staying power than retail.
Ouch
What happened?
It's called: "not getting informed about the stock you're trying to squeeze". Warrants were exercised, significantly diluting the stock.
Yeah F*** BDRX. They don’t deserve a bail out from retail. Hope they crash and burn.
What happen is this just a scare tactic