Can anyone with investing background explain how DWAC has a public float of about 28,000,000 shares, but on it’s first day of public offering almost 500,000,000 shares were traded. So by that math, essentially each share would have been bought and sold 18 times in that day. Could this be anything other than naked shorting? Perhaps something related to options? There had been one decent sized run up after hours in the last month, which would indicate a fund likely exiting a short position.
Any thoughts?
HOLD!
They pretty much just automatically issue a short from what I've seen on gme.
If you only had to play one which one would you go all in on: DWACU ($59.36) or DWACW ($16.48)?
CFVI right now. Partnership with DWAC and severely undervalued. Going to rip faster than Hunter Biden doing a line of coke in a hotel room.
Bro-this was my thought as well. That is a minuscule float. If it’s shorted that bad, this thing will eventually blow. I need to research the cause and effect of the merger with Trump Media and how it relates to the stock quantity.
Plus, I don’t believe it’s held in any ETF’s, so it will be much harder to drag this out like they do with GameStop.