$OceanPal (OP.US)$ question do shorted shares also reverse s...
$OceanPal(OP.US$ question do shorted shares also reverse split when the company reverse splits?
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RIPPER : This whole thing has my head spinning…. clearly just like COS them on Friday. Someone has the ability and speed to jump ahead of the DTCC and the share price post RS split. Otherwise, when you click 4 AM the stocks low at 4 AM on split gate would not display the price it cost before reverse split occurs. Someone is allowing this… Pretty much this could enable someone to not just cover their short position, but cover it at 1/10 of the cost
RIPPER : However, because of all of this insane activity, I do think this one is going to pump today… It certainly has the chart/moving averages momentum to JUMP HARD
RIPPER : No but shorted shares rhat were hidden away off shore, likely through swap agreements, can be exposed when RS done as all old derivative contracts need to be re done
MoneyMaker13 RIPPER: This happened yesterday too. Was supposed to split then but was delayed until today. If that is not the post RS price then I think they are putting out false news so everyone can assume it’s the post RS price but not really