Huge Vol (Naked Shorts (panic))!!!!!Hello Everyone,
Naked shorts need to cover before June 9th, 2011, date of the shareholders meeting.
If naked shorts do not cover they expose themselves to the regulators since there are 144 milion shares o/s and, shareholder votes may come in closer to 190 million. This will confirm a problem.
If naked shorts cover then, votes will tally 144 million shares o/s and regulators will not notice any irregularities.
The volume of the last 3 days has been 6 million shares. The last PP called for 60 million shares to be isssued at 25 cents, which means that there is still a possible naked short position of 54 million shares.
This week the stock will heat up and volume should soar in the 10 million to 15 million range if I am correct in my analysis.
Management has pulled a blackjack on these naked shorts. Soros probably helping by putting heat on these naked shorts to cover by asking friends to LOAD UP.
Longs, you are being rewarded for you patience. Management has stood up for you. They said NO to manipulation and No to naked short trading.
As a long you can add fuel to the fire by buying at market and, by putting any sale at the ask only. This will force naked shorts on your terms.
This is the flip side of the manipulation, seeing Justice done by our Lord to those whom abuse others.
Look that trades of late, you can easily confirm that this is going on:
| Date | Open | Day High | Day Low | Close | Volume |
|
|
| 5/30/2011 | 0.23 | 0.275 | 0.225 | 0.255 | 2,184,330 |
|
| 5/27/2011 | 0.24 | 0.245 | 0.225 | 0.225 | 655,853 |
|
| 5/26/2011 | 0.215 | 0.24 | 0.215 | 0.235 | 3,518,800
Just my honest Opinion |