Q: LSPD has issued a response to the short attack:
https://stockhouse.com/news/press-releases/2021/09/29/lightspeed-comments-on-short-seller-report
I would be very reluctant to sell shares in LSPD and more inclined to purchase more. Like previous short attacks on high growth companies like SHOP and NVDA, I'm quite sure this one will prove to be bogus and just another cynical attempt to profit from the resulting sell-off. In the case of SHOP and NVDA short attacks, the short-sellers who issued the reports even pledged to give lavish donations to charities if the stocks recovered (In the case of SHOP, $200,000 USD was pledged if it ever rose above $200!). Wouldn't we all love to buy SHOP for that price today?
My only question in all of this is whether there will ever be any regulatory control over short-attacks that can be proven to be opportunistic.
https://stockhouse.com/news/press-releases/2021/09/29/lightspeed-comments-on-short-seller-report
I would be very reluctant to sell shares in LSPD and more inclined to purchase more. Like previous short attacks on high growth companies like SHOP and NVDA, I'm quite sure this one will prove to be bogus and just another cynical attempt to profit from the resulting sell-off. In the case of SHOP and NVDA short attacks, the short-sellers who issued the reports even pledged to give lavish donations to charities if the stocks recovered (In the case of SHOP, $200,000 USD was pledged if it ever rose above $200!). Wouldn't we all love to buy SHOP for that price today?
My only question in all of this is whether there will ever be any regulatory control over short-attacks that can be proven to be opportunistic.