56,500,000 Shares Still Short.....!!!!Hello Everyone,
Huge volume today at 3,500,00 shares.
Notice huge spike at the open and, huge spike at the end of day. Not very discreet shall we say.
Per my calculation, there may be 56,500,000 shares still short.
We have 30 days of rallying.
I am of the opinion that management received an offer that was impossible to refuse. A poster on this MB said that they spoke to Ahmed whom had confirmed that drilling is on target and, that PP will be closed. This sounds like one big firm, probably Quantum which is SOROS.
Is took guts for management to walk away from a bought deal which is a signed deal with guarantueed funds.
Management could only proceed in this manner by having received a superior offer, otherwise shareholders would say that they gave up a 25 cent deal for nothing.
Deal will probably be closer to 50 cents or, maybe if possible, hitting those warrants at 75 cents.
All is possible, especially if VST announces a massive hit and, WZR confirms their own massive hit.
For now there is alot of short covering to do. You are in the drivers seat so enjoy and let the shorts battle it out as they attempt to cover themselves and find there are minimal sellers.
Enjoy your evening, say a prayer to the good Lord Jesus for being there and rooting out any ill deeds.
JMHO of course