RE:RE:Shorts.... All of the TSX Venture stocks are inflated above their normal levels. Retail investors are pouring capital into small cap companies at a level never seen before. This means more volatility but also more momentum when things do move up. I think a lot of venture stocks have future earnings already priced in so betting on a pullback is probably a pretty safe bet! Shorting is exactly that though, a bet, and I have no interest in playing that game.
GDNP still has a lot to prove. Revenue growth is strong but they have consistently lost 3 million dollars every year and have 18 million in long term debt. To justify the current price GDNP needs to generate 7+ million in net income (at 35 times PE). Current share issuing means they shouldn't need to raise capital again for the next 2-3 years to cover debt but if the income situation hasn't improved by then they will need to raise capital again.
Anyway there's plenty of downside risk with this stock so not surprised to see plenty of shorts against it. I think their products are great though and there is an opportunity for exponential growth, but one to keep a close eye on.