Well, the numbers are in, and HPQ is still the subject of what can only be described as a pretty aggressive predatory shorts campaign!
During the last two weeks, 57,038,094 shares were traded at an average $0.344 price. This means that 23% of our float was traded in 2 weeks.
More astonishing, since May 16, 2020, the official start of the aggressive predatory short campaign, we traded 54% of our float over a period of 8 weeks that is 134,225,851 shares traded at an average price of $0.244.
During these 8 weeks, every time the shares prices moved higher, instead of taking their loss and moving on, these predatory short traders re-position their ever-growing short position at higher prices, in the hope that they will eventually be able to scare investors into a panic selling event in order for them to make a profit from the trade...
This is why during the last two weeks, over 6,731,479 trades (+2,377,579) were officially recorded as short sales (numbers that do not count the "failure to deliver" resulting from ongoing warrant exercises) and the $ value of these shorts is now up to $2,416,605. (+$1,473,594)
Significantly more than the $943,011 cost of the 4,353,900 shares officially recorded as short sales during the previous two week period.
With a $0.36 average price base on the latest re-pricing of the shorts, this would seem to indicate that they need to be able to cover their position bellow $0.36 to break even and that every half-penny gained per day, increases the cost of holding their position.
I wanted to take this opportunity to present my view of what is going on in the market, and once remind investors to pay special attention to the fact that these predatory shorts will use every tool at there disposable to create doubt and unfortunately, by its nature, Stockhouse BB is the place of choice for these bashers to act in total anonymity.
Hope you find these messages useful.
Regards,
Bernard Tourillon
CEO