60 Million shares SHORT, need to Cover!!!!Hello Everyone,
For starters, cancellation of PP by management means that they are getting better offers. Management would not walk away from a good deal.
So I expect a similar offer as in the past, something like Quantum agrees to invest $ 25 million at 45 cents.
Secondly there may be 60 million shares that have been shorted that need covering.
This will spike up tomorrow as shorts are in serious trouble. Regulators are in, so they need to get out quickly.
It was so obvious that manipulation was in play. I mean they could have been more professional, first no bashers, secondly no carpet bombing, thirdly up and down days. Instead greed said to do it all in one shot.
This is one case where management won. I am certain Ahmed was not too pleased with what he saw, he bought at 37 cents. The same must have been with Soros.
This is why I say, that when you have huge investors like Soros, he is your POLICEMAN on the stock.
I wouldn't be surprised if it was a call from Soros that got everything started. Remember someone needs motive.
Up we go!!!
Notice no good40, no kurd30, no hhoc, as they run for the hills.
Awful people.
JMHO