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Molycorp, Inc. Message Board

  • votingmachine votingmachine Aug 9, 2013 6:09 PM Flag

    Short Interest

    Short interest dropped by 1.5 million shares between July 10th and July 26th.
    July 15 ... 48,830,783
    July 31 ... 47,354,526

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    • Vm thoughts on delay on 10q and material weaknesses

      • 1 Reply to gogowadof100s
      • I am not concerned about the delay in re-filing. I am very concerned that they made errors in their quarterly report. That is pretty intolerable. It should never happen. I would like a clear explanation of what caused the mistake ... not that we are likely to get anything other than "Oops, stuff happens".

        As a matter of trust, I guess I think that since they are improving the results with the revision, that it is pretty clear they would not make the mistake of under-reporting ... the cause will not be one of intentional misleading. It still is a serious mistake. And it looks like they actually made 2 mistakes ... one concerning an inventory level and another concerning compensation.

        I can come up with guesses as to how they could have innocently and harmlessly made the mistakes, but I don't really care to guess. I reiterate that companies don't make deliberate mistakes that hurt their results (Enron always lied to present a rosy report, not to under-report by 6-cents). But until explained it has to be viewed as serious incompetence.

 
MCP
0.99-0.07(-6.60%)Nov 28 1:02 PMEST

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