Shorting not advisableAgree with you completely Niteshift58 as the company currently has slightly less than 12 million publicly traded shares which to all intents and purposes is reduced to 6 million when you consider that 50% of the shares are held by Management. Anyone who shorts this stock at these levels is taking a tremendous risk with a Company with so few shares outstanding.
The Company obviously has a gameplan and is intent on starting production of Ethanol in Washington State in the spring of 2009 with construction of the facility already underway as per the April News Release.
Vitality Products President has what seems to be a very successful business background. This includes being the former President of Nabob Foods and I believe Standard Brands which was taken over by Nabisco Foods. In addition Mr Grant is a Director of Potter Distilleries.
Obviously the Company would appear to be confident that it can achieve its objectives and there are definitely a lot of incentives to produce Ethanol.