That's total BS.
$TRNR has not had massive dilution and all of it was disclosed and most of the conversions and raises were done at a PREMIUM to the market PPS and were forward looking. Further, most of the new shares since Nov R/s are locked up and not in the float.
When it trades 600MM shares in 7-8 days - it ONLY had 1.5MM OS at the time. It only has 7.9MM now but again, majority of those new shares that were converted or sold are locked up and were done ABOVE market price.
Companie go public to RAISE CAPITAL efficiently which is selling shares. $XOM does this as well. This should NOT be a license to illegally manipulate the price with predatoey attacks using naked shorting, washing shares to circumvent FTDs, running buyside offers thru th3 dark pool exchanges to give the illusion of no buying interest, and PFOF. It is ALL anti-investor.
Today - the company reported 32.2MM shares of which 54.1% of reported were marked short. On 32.2MM traded-that is 16MM shorted with an OS of.only 7.9MM and a lower float. Where did those shares come from to short...?
Only 200-300K show available to borrow? How can a MM reasonably expect to locate 2X the OS in https://t.co/2PtAklvusV to cover those.naked shorts...? They cant. Its not possible. Even with multiple short and covers in a day - the math doesnt add up. Its fugazzi on a insanely.large scale.
The MC for $TRNR is below current revenues BEFORE new sales announced in the last 3 months let alone the pending $55MM in acquisitions.
Dilution is NOT the reason this is down. Illegal naked shorting, wash sales, and a complicit SEC allowing it to happen is the issue. That is the same SEC & HF group that will.complain if/when this does a $GME like squeeze and some HF gets a $4BB like loss like.Melvin Capital did naked shorting $GME and that was WITH the collusion between Citadel and Robinhood (and how many OTHER brokers that we dont have email chains on) taking away the buy button.
You can parse the #s here and rlthere to be critical or for academic debate but suggesting these smallcap & microcaps arent being horribly, illegally manipulated day in and day out is either being insanely.naive or purposely misleading
@kshaughnessy2 is absolutely right about the fraud.
$TRNR Interactive Strength Inc. (Nasdaq:TRNR) Signs Letter of Intent and Exclusivity Agreement to Acquire $15M+ Revenue Connected-Fitness Equipment Business
The Market Makers and DTCC and FINRA and Prime Brokers and Clearing Firms are ALL IN ON IT - $TRNR - FRAUD the size of a new guage that needs to be INVENTED! .@WallStreetApes .@elonmusk .@DOGE .@DOGE_SEC .@realDonaldTrump .@BarronXSpaces .@POTUS .@DevinNunes $DJT $RUM all victims here! But really it is the American Individual Investor who is robbed DAY IN and DAY OUT! Ban all SHORTING!
BREAKING NEWS:
#InteractiveStrength CRIME SCENE LIVE - When criminals are allowed to get away with it over and over again, they become EMBOLDENED! $TRNR is now NEGATIVE with 83 million shares being traded - NOT CHANGING HANDS! I am continuing to record the CRIME SCENE in the #StockMarket Madoff x 1 million - .@elonmusk .@DOGE .@DOGE_SEC .@realDonaldTrump .@DevinNunes - $DJT $RUM $GME $AMC all get the same criminal treatment