(Total Views: 250)
Posted On: 01/19/2018 6:49:50 PM
Post# of 72447
Just to address FUD posted elsewhere: They are trying to claim that the 1.2 million legal short shares are insignificant.
This is a lie.
A huge number of shares are tied up in strong hands -- for instance the very large position held by the various officers of the company, and the Aruda shares, and the shares held by Aspire, and the shares held by individual shareholders which amount to many millions of shares based on my acquaintance with those shareholders.
So, given that around half of the outstanding shares are in strong hands of large shareholders plus the many shares held by knowledgeable people with somewhat smaller positions, the 1.2 million shares that are legally short do present a big problem for those who will have to cover when good news causes a short squeeze.
It's going to be very hard to cover those shares, given that at the current volume average, it would take 6 days to cover. (current average volume: 200k shares).
This is a lie.
A huge number of shares are tied up in strong hands -- for instance the very large position held by the various officers of the company, and the Aruda shares, and the shares held by Aspire, and the shares held by individual shareholders which amount to many millions of shares based on my acquaintance with those shareholders.
So, given that around half of the outstanding shares are in strong hands of large shareholders plus the many shares held by knowledgeable people with somewhat smaller positions, the 1.2 million shares that are legally short do present a big problem for those who will have to cover when good news causes a short squeeze.
It's going to be very hard to cover those shares, given that at the current volume average, it would take 6 days to cover. (current average volume: 200k shares).
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