Based on the financials, there would be one more r
Post# of 1609
Based on the financials, there would be one more round of dilution (scheduled on Sept 28th) and was converted on Oct 8th. This conversion was delayed for 10 days.
I maintain this was the last scheduled until Feb 2014.
Throughout this week, large blocks were going through at 18. Interestingly enough, based on volume, it looks like all 33 million shares (last conversion) went through at 18 (with a couple T-trades at 17). Accumulation was been very strong at 18 for the last 5 trading days.
At worst, it looks like all new shares were absorbed at 18.
I do believe pretty strongly now there is a short position. It's not the MM (they are supporting dilution at given prices). I continue to speak of short positions in the context of adding fuel to the future price adjustment I feel is coming.
Last 2 Fridays have seen similar trading action, trying to close the price lower (under the MA10 and MA20 EOW).
This is an attempt to play the chart. The float is controlled by longs and most are not even looking at the chart.
Look for a break of 19/20 this week which will become very strong support.