He says that short-sellers have been totally frustrated in not being able to cover into volume, so they insisted to the SEC that UNXL did NOT have any orders that they said they did and thus after being hounded to death, the SEC is simply checking to make sure they have the three purchase orders. That's it folks, nothing more, but I'm sure shorts will use this opportunity to cover big time.
and his OPINION means something?? Hes a financial analyst not a criminal investigator.
These analysts get burned all the time. Why else did cowens analyst go down to texas to actually SEE the equipment? Cause no one trusts management! Why is there so little trust? Cause management Sold nearly all their holdings and has excuses after excuses of why they have no real orders of substance!
Why anyone would be invested in a name like this is beyond me. Only a matter of time before the con is uncovered. Morons
Pure hogwash. SEC doesn't act on some hearsays from shorts without any concrete leads. SEC isn't some rent-a-cop for shorts at their disposal. You're crediting shorts with way too much power and influence.
I never take anything I read on these boards at face value unless I can confirm it from a published legit media source (and no, legit media does not include Seeking Alpha), but I'd still bet money you're right PM.
thanks; would be damn funny if the sec announced on monday it was done and all is well
should be pretty simple and i would betcha they got the docs on wednesday
thats the next immediate catalyst
wrapping up the sec investigation
can't believe i just typed that
thanks again; shows the analysts know what's going on here
Sentiment: Strong Buy
That would be some extreme Bulls*t for the SEC to be used like that. Basically, they're allowing themselves to be utilized in undermining the share price of the stock. Retail longs are going to be forced into selling simply to facilitate the desire and greed of short traders. This is our government by the way. The mission statement of the SEC is to PROTECT the RETAIL INVESTOR. How would the possibly be protecting the retail investor by allowing the short funds to rape them like this?