>>20628997
>Ok, now explain it like I’m 5 years old. What does this mean for Trump? What does it mean for people holding the DWAC stocks? And what about those zombies to whom you referred?
Trump still owns the same stock ticker entity that was forced into bankruptcy or “retired” by predatory short selling. Short selling is basically someone who doesn’t own a share “borrowing” one then selling for more than they borrowed it for, because they anticipate the price of the stock to drop at some future date. When the stock price drops below their borrow rate they buy to return what they borrowed. Shorting a stock has the effect of lowering it value because it creates fake market saturation, and the big players do it on obscene scales, and many times they will do it Naked: with no borrowed share. So if the ticker is coming out of retirement with all those old open short sales that now need to be returned, or worse billions of naked shorts that have to find a share to cover…. How many times over will the shares owned by current owners of DJT (which now includes DWAC via the merger) have to be traded before these Shorts can exit these positions?
It means the price can skyrocket fast in what is called a short squeeze.
Imagine being one of the short holders, suddenly having a $60+ per DJT share you shorted deficit coming to life inside your portfolio destroying your very carefully managed “risk”; all from a zombie stock you never had to close the position on.