less than 700,000 shares short, now. We are not at .80 becasue of them
700K shares short out of 30 million o/s is peanuts. We need to stop blaming shorts and blame mgmt for the failure of product management.
Many companies gamble and lose. Hong bet the farm on a product that will be obsolete by the time is gets approved. Do some of you truly beleive that companies do not purposely drag their feet to adopt while simultaneously looking for a better product?
Iphone4 lasts less than a year before iphone5 is out...then 6, then 7.
Hong bet the farm and lost. It is not the bashers of a 80 cent stock. With less than 500,000 dollars at stake, the LACK of a substantial short position is actually a negative to the stock as there is no pressure to cover.
What we do know is that the clock is ticking for NLST to get a pps over 1 dollar within a month or two or they get the delisting notice. With that , expect another drop to 50 cents.
the remaining shorts are holding for zero, but, will cover at 1.00 and make a great return on their investment.
the rest of the longs will continue to eat kok and plug hong in his bunny hole.