(Total Views: 476)
Posted On: 03/21/2018 8:00:05 PM
Post# of 96869
I do not know the particulars of how the Longside deal was structured however NTEK has been shorted for a long long time which in large part IMO caused the reverse split. I suspect the goal was to bankrupt the company which if they had naked shorted from offshore would give them a tax free gain. Did they naked short? I have no proof only speculation on my part but that speculation if true accounts for a lot of what has happened especially since the financing was announced. If I recall correctly one of the requirements for the funds to be delivered was that all legal issues would be settled. Time will tell all but if you notice the short percentages I am reporting daily they are running very very high so it has to be getting very expensive for whoever is short especially now that interest rates are going up. Not only that but some are accumulating good sized positions as the price is at a low point. The Issued and outstanding has not increased in months so there is no dilution at this time. Not sure how much longer the kind of trading we are witnessing can continue before someone says uncle. The risk to those short is enormous IMHO. Time will tell all but it is pretty clear longs have not been selling. Go NTEK!!!
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