google this company and its officers. There selling 100s of thousands of shares and were selling stock for as little as 60 cents in March. Reverse merger with a convicted scam artist. Its criminal what is going on.
i mean given the share count and float, I cant recall seeing such a crowded short......down right dangerous. Like yelling fire in a movie house, its way too crowded. The smallest thing sets this stock off and running and shorts scramble to control the damage with blogs and message board gossip. Heaven help the shorts if they really do deliver a viable product. Netflix and Tesla were 2 crowded shorts that delivered..ouch
it is interesting, up on big volume on the worst day in a while. I suspect hedge funds. They have been buying annuity cos all year in private deals. Phoenix is quite cheap on several metrics. price to book, sales, and 2014 forward earnings. Of course they are in runoff, and growth is wishful thinking. But there is some value here.