LivePerson vote tomorrow @ 10AM EST is the fork in the road. For those here that are playing a short squeeze, cross your fingers 🤞 NO = SQUEEZE
This vote tomorrow is effectively the fork in the road that will determine whether or not a squeeze will still be in play, for a number of reasons…
First, shorts are positioned for a YES, for the coinciding dilution, and for the imminent share price drop that will have to take place, should the vote be approved. A NO would catch the 40+% short interest offsides and cause them to run for the hills.
Second, the short hedge funds are routing over 80% of the trading volume thru dark pools leading into this vote because they are not sure what the result of this vote will be, hence why the price isn’t already heading decisively in a particular direction leading into the vote.
Lastly, SOUN has explicitly laid out in the buyout agreement that it will be paid for via newly issued stock, which I believe is the primary reason why shorts are so deeply positioned against this stock. If that dilution doesn’t happen and they aren’t gifted new shares out of thin air to use to cover after the the share price falls via dilution, the borrow fee will skyrocket and these overweight short positions will be squeezed.
So, with all that being said, cross your fingers that LPSN shareholders aren’t paying attention to this micro cap stock in their portfolios and they don’t even show up to vote, because every non-vote is counted as a NO per the conditions of this shareholder vote… SEND IT 🪗🤞🚀