A/O 1/15/13 short interst 669,355 vs 687,779 ---While short interst is still extremely high it has not grown and this is biggest over all drop in some time. I am still unclear of the message this is sending.
The message is that after the first of the year a paltry 20K shares was lifted. Most of the short shares are hedge positions imo. Therefore, the small unwinding was just that. Granted, it is never to low to sell, but no one in their right mind is opening new short positions at this price level.
The reality is that at this price, with all issued and potential shares to be issued, CDTI has a naked enterprise value of less that $30 million. I believe that the patents alone could be sold for $50 to $75 million. The company is worth at least the aforementioned.
$187 million was spent to get to this development point, the mergers and reverse splits are out of the way, CDTI is about to experience a dramatic growth phase, with or without heavy diesel. It would be different if the techonology was in the lab, waiting to be qualified by OEMs, but in this case the 6th largest auto manufacturer in the world is installing and converting its entire product line to this money saving (37%) design.
I continue to buy shares at even higher levels...............
you continue to confuse Diesel with Gasoline and IP with Patents. The fact is that the Patent value is not a recognisable asset unless the industry see it as such and the majority of the IP is now a bit long in the tooth