GoPro just completed the third and final closing of a $50M Yorkville convertible debenture facility (filed 9/8). Conversion price is the lower of $1.35 fixed or 98% of the lowest 5-day VWAP, floor at $0.1736. That structure gives the noteholder an incentive to convert and sell into strength, since their cost basis floats down with the stock rather than staying fixed.
**This caused the dump.. Here we go again w/ the conveniently timed SEC Filing, looking like a "guaranteed" $1.35!**
[Very Convenient SEC Filing..](https://www.tradingview.com/news/tradingview:eedeca15afd75:0-gopro-issues-20-million-convertible-debenture-to-yorkville-under-50-million-program/)
On top of that, Fintel's short-availability data has been wild today — shares-to-borrow went from 0 to 6M+ multiple times in a few hours. Not asserting why, just flagging that it's an unusual pattern worth watching alongside the price action.
**See my attachments.. Keep borrowing it all shorts! That "guaranteed" $1.35 is a sure thing**!
**Just like the ["Infinite" Short Squeeze](https://www.reddit.com/r/smallstreetbets/s/X1aBDlgDxf).**
**See everybody at $3+ within 10 days.**
_________________________________________
**EDIT:** 64M in volume before lunch time lol, the short squeeze will be historical!
**EDIT2:** I mean that market close was beautiful..
[That bid wall was a work of art! Very bullish, everyone wants to buy GPRO, not a lot of people want to sell it](https://imgur.com/a/U09FiSY)
_________________________________________
#$GPRO #LetsGoRetail #GuaranteedShorts #InfiniteShortSqueeze