Posted On: 06/17/2016 4:30:10 PM
Post# of 72447
Re: NotRichYet2 #24293
The float is only 78 million. Here's a link to the "key statistics" Yahoo page -- look in the right-hand column for share stats.
http://finance.yahoo.com/q/ks?s=CTIX+Key+Statistics
Aruda still has at least 8 million. That takes it down to 70 million float. That is an extremely small number of shares, most of which are in strong hands now. How are people going to cover with real shares, when the monster short squeeze on news comes?
I agree with AlanC that there are some naked shorts out there. But at some point even those positions are going to have to be closed out, and the carnage will be magnificent for us real shareholders to behold.
http://finance.yahoo.com/q/ks?s=CTIX+Key+Statistics
Aruda still has at least 8 million. That takes it down to 70 million float. That is an extremely small number of shares, most of which are in strong hands now. How are people going to cover with real shares, when the monster short squeeze on news comes?
I agree with AlanC that there are some naked shorts out there. But at some point even those positions are going to have to be closed out, and the carnage will be magnificent for us real shareholders to behold.
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