I gave you a red thumb for posting this nonsense- and I haven't before keep it up and I will use a different finger (not serious but certainly you have wasted enough of this board with your nonsense)
maybe that's why short interest decreased from aug 15 thru 8-29 by over 400,000 shares...
longer term short interest has decreased by 7.5 million shares since 7-15
you do realize that major clients typically are self insured, and choose what is covered themselves
open the timeline and the short interest stood at 66,774,350 on 7-15
over 7 million shares have been covered while the stock has continued to drop. Covering should artificially strengthen the stock price. At the current price it is unlikely that new short positions will be added. Fidelity requires 2.50 minimum to short any issue in reserve funds per share.
you have been painting this picture all the way from the toilet to the sewage plant... the audacity of you calling anyone a moron, just fly's in the face of the old saying...
takes one to know one...
This sounds like oaktree bought the company for 400 million down the road
25-35 when I can buy out the shares for 1.50... right
now go delete the chain.
Howdy all.. I just thought I would point out a topic that hasn't seemed to surface.
"cash and cash equivalents were $12.2 million as of June 30, 2014"
An additional 2 and a third months into this, with costs for completing an agreement make me expect that burn rate actually increases. so subtract 4.2 million from 12.2 m and you have optimistic 8 mill left.
listing requirements are 6 million.
The deals funds I expect will be targeted to the deal.
Its time for an offering, without a price increase the potential for a reverse split (history doesn't repeat itself, but often rhymes). Now when we look at the float lets remember the 65+ million warrants that are available at 1 cent...
I will fade back into oblivion without stating further conclusions - unless poked... get it Phil...
I lost a good bit but could have held and lost a lot more... While I don't like losing money it was a tolerable loss. I tried but its your money to lose....
shorts covered 9% of the position first half of Aug... second half numbers will be posted after 4 on the 10th... I would expect to see a further decrease...
sine mid may over 11 million shares have been covered
the shorts have been covering as the price falls... this indicates artificial strength in the current price.
between 7-31 and 8-15 the shorts covered 9% of the outstanding position... 6+ million shares...
So was this part of the short squeeze?
New numbers for the end of aug are out in a few days
cb couldn't have been more arrogant or wrong
love his delete all messages where hit was wrong... that's why we don't see any.
Those that sold near $3 must be really regretting the move... But they could now double their positions with that cash if they wanted to get back into the pain giving state of the "strong hands"... I think "wrong Hands" might have been a better description
I only lost less than 60k just a bad move but this company is not in a fundamentally strong position. It is a high roll risk.