fyi, heard chatter of this as well, VLTC interested in VELT assets.
Someones putting on a huge short on NEON...every 2 weeks, data shows several hundred thousand share increase in short interest.
Also concerning is insiders selling a ton of their shares in the last secondary offering.
Something feels fishy here.
Every single bounce being shorted right into and followed by new lows.
Not it looks like institutions might be dumping.
Very concerned here as a long. Gut says we might get to add some shares here in the $3s by the time this short is done.
Half of the offering is insider selling of which the company will get no money.
Why are insiders dumping up here??
Makes me a bit nervous.
No wonder short interest is skyrocketing.
short are really in control here, not sure how low they want to take it or what they know, but ask is so heavy with big short clearly being put on.
every pop (even with contract news) being sold right into.
Morgan Stanley report out last night outlining explosive growth trajectory for e-cigs.
Goldman Sachs report was out last week.
Big brokerages basically very bullish on e-cigs, and VPCO remains the only pure e-cig play in the market.
With VPCO being the only pure e-cig play out there, this could get fun next week.
Just read the full report on Zero Hedge...yahoo won't let me post the link, just google "goldman sachs e-cigarettes zero hedge"
Krave on the first page, 6th link down.
Last week we were 9th link down, looks like Krave brand reall picking up momentum + market share imo.
No sellers out there, bid still very strong at $1.