The damages also would stem from Taser's willful violation of DGLY's patents. Every Axon system sold is in violation, so regardless of the unfair business practices, the patent violations loom largest.
They have a team of lawyers and environmentalists in Mexico, funded by and supported by one of Mexico's wealthiest industrialists, moving the project forward. It has the support of every interested party on the ground now. The sea turtle habitat plan will no doubt be robust. It will be very well funded. In the interim, funding will easily be had for OMEX by its partners. No reason that this time will be different.
That is my point. Street Sweeper is the canary in the coal mine for the real shorts. They need to cover.
The Street Sweeper, co-owned by a convicted felon, has a sketchy record. They are in for the quick hit, and frequently fail big time, like their short of CPXX at $2 on Feb 29 of this year. A few weeks later, and it is at $13.
The Cup and Handle that has formed beautifully indicated that a breakout is imminent, which will take OMEX up to $11.50 to $12.00. However, with shorts getting squeezed and news approaching, who knows how high this could get. Crazy things can happen. If the Don Diego project gets environmental approval to move forward, OMEX will soar.
This post is only for those that like technical analysis. Many don't. It can be argued however that it becomes a self-fulfilling prophesy when so many people follow the patterns.
Is Ryan Morris of "Meson Capital" still short OMEX? If so, he's got to be hurting. Of course, he claimed to be short at a much higher price, though returns are measured Q to Q and Year to Year, so his clients that are invested in his fund will not be happy that the performance of the fund this year has taken a big hit from the rise of OMEX. I hear that his performance is pretty #$%$ when compared to the S&P 500 index.
OMEX, Like a phoenix from the flame...
Might as well correct this. The bank that forecloses does not take all of your equity, if you have remaining equity after they foreclose. The bank sells the home, recovers the mortgaged amount that you owe, tacks on some expenses/fees, and gives you any remaining amount. Even though a foreclosure situation means there is often no equity left. So, the bank is not entitled to "KEEP everything is left." Incorrect.
The chart points to $12 on approval, but with almost a million shares short and a tiny float, we are looking at up to $20 near term. Look at WTW for clues on what might happen.
So today we learn that OMEX's deal with MINOSA is very strong. The founder of MINOSA personally invests in OMEX. OMEX's loan is extended into 2017. OMEX regains NASDAQ compliance. The SPA is extended so that MINOSA can invest $100 Million in OMEX at a share price of $12.
Is there anything that "Meson" has been correct about in terms of actual business direction? If a person is wrong about everything except the direction of the share price, their analysis is extremely flawed and questionable. Their methods are not reliable or repeatable.
Ryan, what do you have to say?