RE: RE: RE: RE: Very confused Today movement will most likely put more pressure on short players.
Mega short position is slowly going down.
short position was 4,121,750 for the month of Dec 2011and now it is 3,398,250 at the end of Jan 31-2012.
Which mean some covering is happening by the short players.
The buying pressure created by the company will most likely force these monkies to cover even more,
which also means the price of Mega shares will most likely go higher until the company releases 43-101
from our Monument bay property.
The private placement will most likely come into the picture in the month of May or June and hopefully we
start the drilling with our Headway property.
Interesting the short players are slowly getting some pressure.