The shorts are repeatedly trying to drive down the price of the stock through falsehoods, innuendo, and character assassination. Of what are they afraid? Could it be the cash flow in the next quarter? Or is it the profit in the next quarter? Is it the prospect of Oceanica?
Omex will start with 11 million dollars from the end of this quarter.
Omex will add about 20 million dollars from the sale of silver from the G.
Omex will add about 17.5 million dollars from the exercise of the Oceanica options.
Omex will spend about 10 million dollars paying off a bank loan.
Omex will spend about 8.5 million dollars on cash expenses.
Omex will end the next quarter with 30 million dollars.
Profits should be about 20 million minus about the 8.5 million, or about 11.5 million.
If Mako exercises the options on Oceanica, it will value Oceanica at over 250 million - probably closer to 500 million, in order for a profit to be made. Once the assay results are completed, Oceanica could be a large multiple of that figure.
No wonder the shorts are doing everything they can to drive the price down so they can get out.