Shorts and tax loss sellingNone of this will cheer any one of the long suffering holders of PLI paper, of which I am one, but tax loss selling can't be helping. Remember when you had gains! Even PLI was north of 60-70 cents last year around this time. Hard to believe PLI was at those prices on seemingly much less than PLI has today. But these are different times. TSX at sub 8000 compared to 14000 a year ago. I also read there is no money for micro cap bio techs. Again that statement won't come as a surprise to anyone. There is no money for, or any interest in, micro caps period. So the 13 million share short position probably makes sense when you have a 350 million share float held by owners who cost is higher than 8 cents and who might have gains to offset. Hopefully PLI can keep the ship afloat with some new business from the long list of partners inked over the years and exceed expectations with revenue forecasts for once. Add to that some new partners and maybe PLI could shake the short. Time will tell.
Coyote13