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Biosign Technologies Inc BITKF

Healthcare
Biosign Technologies Inc is a Canada based company engaged in the development and selling of cloud-based medical and healthcare software products. Its solutions have applications in clinic management, home care operations, health monitoring and virtual care management. The group derives its revenue from monthly recurring fees, one-time setup charges, training, professional services and the sale of hardware. The software is delivered through the cloud from the company's hosting facilities.


GREY:BITKF - Post by User

Biosign Technologies Inc
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Comment by tickle1ston Aug 27, 2010 9:55am
213 Views
Post# 17389107

RE: Buyers beware tickle me elmo is pumpin

RE: Buyers beware tickle me elmo is pumpinThe facts are Yaba the basher.....the high volume was the fact that the CNSX allows naked shorting which means you can basically sell stock that does not exist creating the false market that there is more stock available for sale then there really is.

Hence the high volume. Have the naked shorts covered? I don't think so. I think they tried to short it down below a buck.

Now they are hunting around to do a sweet heart deal to replace the stock. Heck, they maybe have a deal in place already...but I doubt it.

As for fundamentals of a company...shorters don't care about that. The drive the price down quickly on panic trading and hope it takes a long time for it to recover.

But I stand by the notion that this stock is going to go much higher after this trading episode.
Bullboard Posts
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