RE: Possibly Chinese firm takeover Boo9 Feb 2022 23:11
T4G
No need to worry with the small shorts closing now.
Look at what happened a CINE today!! Up +7.5%
CINE have well over double the declared short positions than BOO and carry 10billion of liabilities!!
BOO has a trivial 20m settlement. Its pocket change compared to CINE
CINE have a 1.5billion judgement against them over the pond. Vs our 20m that will probably end up far less.
When you put these things in context you understand BOO is a profitable debt free business that just continues to grow each year.
You should of seen the hit job done on CINE, multple negative press, bad actors, goons on their bb 24/7.
But you can only suppress for so long before the inevitable rebound.
No longer a valid argument to deny the world is re opening at pace now.
Once BOO starts to move, it will really rip, and we'll see plenty of good days ahead.
Plenty of cash on the sidines wanting to load up here and take advantage of the MM gifts.
GLA.