Do the Math on the Shorts, Looks like trouble, interesting.
Post# of 871
IMO if they had tried this BEFORE The Stability Was Proven, or Before they had proven the material in 3 devices, Before the polling, Before the measurements were taken, before the pharmaceutical cats cleaned up the goo, before the waveguides were proven, before the LPC financing was in place, before Joe Miller of Corning Joined, Before Fred Leonberger came from out of the shadows to support or before Michael Lebby came forth to put us on the map it would have been devastating.
I don’t think that this will go to the moon tomorrow or the next day but I also do not think that the longs are going to be disappointed by what they hear so much that they freak out and sell, then the shorts are going to be left trying to cover those million shares and IMO it will not be easy for them.
If the shorts had attempted this back in the day even just a couple years ago IMO it would have worked. This is going to be interesting and we always knew that once we were on the map games would be played, will they double down and sell another million? Will they cover? Will they hold out and just pay the juice and hope that a Partnership or a Device is not announced in short order? If they do double down whose shares are they going to use to cover? What if Lebby announces the packaging partner and it is a name that is familiar to the industry? What if what he what he says to the press is something that stimulates buying from the average Joe with every 1 to 2 k share buy at the market price, it would be devastating for them, there is no reasonable way that they can defend against that, because it certainly appears that the longs are not selling.
Personally I’m not setting my expectations too high for the meeting but there still are a million shares that need to cover and barring something catastrophic it is going to be very difficult when this is only trading 50k shares per day.
The bottom line is that they need someone to sell outright a million shares to them and if there are buyers lined up, LOL lookout. After watching this for 13 years, If they fill their shorted shares at a rate of 10k shares per day (which is reasonable so they do not push up the price) it will take them over 5 MONTHS to solve their problem. Folks chance ARE VERY VERY HIGH I'd say 80% chance that will be at 5 Bucks in 5 Months, Ouch.
Xster Demand on the market.