u/wickedR0b0t · 331d ago1 prior · awaiting results
$DFLI - dropped an 8K report. Things are about to get spicy.
Lenders converted $25M debt into preferred stock convertible at $3.15/share, creating 7.9M shares of dilution. With current price at $1.20 and shorts nearly covered, the author implies the conversion discount and imminent short squeeze suggest upside.
At post $12.10Now $0.86-92.9% since posted15m ago