1. I called investor relations and he said the short position is caused in part by people who have boughten the convertable bonds (150 million worth) I cannot explain this in this post. I thought I would pass it along. Post # 2715 also hits this idea. He also said "yahoo" takes reduces the "diluted" stock out by all 5% + shareholders, and all insiders, considers that the "float" and this is what there is a large short position on (60%) is huge short position.
2. The second thing this guy said that "shocked" me was they (sunrize) has NO medicare or medical patients. ALL PRIVATE PAY.
I have an interest in a a small position (only about 200 shares) but am holding and going to see what happens. I like the part of the business that comes from keeping people in their own homes... I want to see that business developed.
Thanks for the post. I had just sent an e-mail to investor relations on the same subject and then discovered your post. Bad timing on my part. I wondered myself about the relationship of the short interest to the convertible security as I read the latest 10-K report but such financial manuverings are beyond me. Anyway I will post the company's reply when I recieve it. Looks like nothing to worry about despite the bearish postings of one boardmember.