RE:RE:RE:RE:RE:Short ReportShort positions can have an effect as people looking to invest may look at the short positions and get scared off. I have seen short sellers publicly bash a company to be successful in their agenda. (We see it on stockhouse all the time).They may do their research and try to prove their case but are not alway correct. Look at the Bill Ackman situation when he was shorting Herbalife. He was talking about incompetant management and if I recal said the company was just a pyramid scheme and would go to zero. If you look at herbalife 10 year chart it looks great and this company did not go to zero.
So I dont think it would be out of the ordinary for someone shorting a stock to make false accusations to make a financial gain out of a stock. This whole picture of the "raid" on Thursday and a large short position taken out on Friday seems oddly suspicious. IMO. Someone possibly knew the licence called for no Butane until Jan 1 found out they were using Butane and possibly decided to make a call knowing this could put them into a capital position if they shorted the stock.
Now, this is all just speculation on my part, nothing more, but I believe it adds to the picture.
I believe we will see a hard push from the shorters early on to attempt some sort of recovery, but I also think we will se a hard reversal shortly afterward. Again, all just my opinion. Do your own due diligence and good luck to all on Monday.
I am a new investor to this company and looking to the long term. May buy more if it dips to my prediction.