Still holding my $YRD position. Saw this short-term correction coming and did not sell.
Put on a short $GBSN position with a $4 average. Plan on covering at 50 cents. Did a lot of fundamental DD on this one and poured through SEC filings.
Company is a dump and dilute scam that exists only to enrich management. It's a dilution machine and should have gone bankrupt a long time ago. I consider it a "zombie" company.
Looked through the SEC filings to really understand the warrants. They created a price ceiling on the stock and contributed to overhead supply.
There's also zero chance the stock won't be delisted. They will not be able to meet any of the 3 Nasdaq CM listing standards. It's incredible the spin these companies put on their PRs. They mention that they're going to fight the de-listing and all of a sudden all these people on stocktwits are believing that the company won't be delisted.
Huge edge on shorting these garbage stocks if you do your DD.
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