RE:RE:RE:RE:RE:RE:FYI - No one knows what the stock will do on the day of newsYes I see your point regarding institutions. They want to see this happen, just as patient holders love having more chances to load up. So in that way the last 6 months makes sense. The old shorts that shorted during February are up nicely and should have make a tidy profit by now.
But here is the thing, we've traded in this range now for a month or so. Shorts aren't really able to drive the price down much these days because of your efforts, the remaining longs are hard to knock off their shares. So I don't understand how shorts can see NAK as an enticing short now. The technicals don't show it at all! They would be chasing pennies in front of a steamroller!
Let's say they can get it back down to the low around 1.08, that's 32 cents per share. However, if good news comes, the stock can run up to 3-10 dollars! That's 8.60 they can lose per share when they are forced to cover. Make 0.32 or lose 8.60...Surely anybody who isn't brain dead can see that is a terrible risk/reward?
Maybe these shorts are not doing this for profit? Maybe they are being paid to keep the stock low so a big miner can pay less for a take over bid. They would lose money on their shorts, but save money buying the company?