did read the news? did you read the 8k? no more royalty payments to RPX. That's $5MM that was due in January that just went away. That is worth 14 cents a share.
I wonder how that works. Clearly there was a massive squeeze. Did someone try to do as you said and hold it only to buy in later? Are the shares STILL short? Today will be interesting.
A Seeking Alpha article would be helpful right about now or in a week after the shorts regroup. Squeeze them again and make them gun shy. This algorithm trader has to go. Its illegal to bounce shares between accounts. It needs to be dealt with
The problem with your thesis is that Hayes has already proven he is too stupid to recognize a fair offer. By rejecting the Mara offer he violated trust. It is a long list of trust violations. Thats why this stock is thinly traded and goes nowhere. All the suckers have been burned so many times its no longer worth buying or trading. The volume you do see is an algorithm bouncing back and forth between accounts.
Not anymore. This a ruined stock. Longs no longer want it. Shorts dont want it either because they eventually get stuck with the shares when they try to close out. Its just an algorithn that trades back and forth trolling for suckers. Last one out, turn off the lights.
I understand their passion though. The way this stock trades is criminal. It needs to be held up to the light.
He could probably do a better job. Manipulators cant find any buyers. They are just bouncing shares back and for between accounts. Its illegal but no one cares.