REVERSE SPLIT EXPOSED THE ILLEGAL SHORTING! - AMC Stock Short Squeeze Update
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Links;
https://twitter.com/HangLoose1337/status/1658145299678855171
https://twitter.com/AndrewRosSorkin/status/1656074458161971200
https://twitter.com/Christalball93/status/1635657353659056128
https://twitter.com/Christalball93/status/1657081214346616835
A recent reverse split in XELA exposed the illegal shorting. The XELA float was reduced to 6.4 million shares total, but somehow, 8.2 million shares became available to short in one instance yesterday.
That means one hedge fund could've shorted more than the entire float in 1 single transaction yesterday, however, the major reason for the XELA stock falling is due to the 'material weakness' in its audit report, it could potentially be a fraudulent company so best not to purchase shares.
On top of this, Wedbush Securities have already been caught violating numerous laws around short selling, reporting and even money laundering checks! these crooks just keep getting dirtier and dirtier.
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