A company that:
A. Has 100m in cash.
B. Loses 30m a quarter
C. Has 1.2 billion in debt
D. Was worth 0.7 a share four days ago.
Yes this will totally 10x and go to 30 dollars a share.
Again.. AWS !\~ RGTI. Garman's agreement could be more salary .. it really doesn't matter - we don't consider AWS to be a novel, high-risk venture.
To spell it out - for a high-risk Company with no commercial product like RGTI it is a vote of no-confidence in the core technology and ability to sell when the C-suite and all Directors are selling and not buying or holding.
Shares that are sold short are re-sold short.
1. Person A owns 100 shares
2. Person B sells 100 shares short from person A.
3. Person C buys the Short Shares.
4. Person D sells 100 shares short from Person C (which are also person A’s).
Nothing stops shares from being resold over and over on the short end.