Short DataJust in case anyone was wondering..
| Date | Short Sale Trades | % Total Trades | Short Traded Volume | % Total Traded Volume | Short Traded Value | % Total Traded Value |
| Jan 1 2018 | 1,104 | 12.004 | 6,821,500 | 15.620 | $2,759,670 | 15.745 |
| Jan 16 2018 | 529 | 10.640 | 1,824,665 | 12.446 | $733,535 | 12.470 |
| Feb 1 2018 | 382 | 7.021 | 1,491,011 | 7.454 | $470,977 | 7.995 |
| Feb 16 2018 | 236 | 6.947 | 1,262,475 | 7.211 | $336,369 | 7.878 |
| Mar 1 2018 | 114 | 6.905 | 485,000 | 6.677 | $111,893 | 6.946 |
| Mar 16 2018 | 626 | 25.060 | 6,383,500 | 29.103 | $946,648 | 27.598 |
In my personal opinion..with such a large amount of shares being sold short over the last 2 weeks ....all under .20 I can see this bouncing hard back to .20 to cover
Worried about the 57000000 shares hitting the market on the 21st ....don't
Also in my opinion but people who were involved with the private placement dont need the money.
So thier would be no reason for them to sell anything for a long long time.
When applying for shares in a PP you must submit a form Stating your Net income Assests etc etc most PP require the applicant to have income ..net assests over 500000 minimum if not more. I'm not sure because I wasn't involved with this one but hopefully someone reading who was can shed some light on it.
Now lets say I received 250,000 shares at .10 $25.000 my cost ... do you really honetly think they will be dumping thier shares anywhere below .20 to make a couple thousand? I'm betting most of the people who invested in the PP won't even be looking at them for months....you thing they are looking at the stock price like us eveyday? Not a chance.... when it gets back to .40 we might start to see some resistance but not sooner based on the PP.
I can't wait for March 21st to come and all these short sellers sitting with their millions and millions of short shares waiting to buy back at .10..then realizing their are no sellers ..forced to drive the price up to cover .
Not think about that for a second let it sink in.......thinking?
Now think about eveyone else ..you ,me ,your brother, cousin even your barber....everyone who is watching this stock daily waiting for the bottom just to jump back in or add.
what do you think will happen when it starts? you do realize this hit .26 just 14 trading days ago
Agree Disagree maybe but lets see where we are at by the end of the month.
My guess is that we get some news coupled with short covering sending this stock to .30 in one 3 day period before the end of the month settling back nicely mid to low .20's
So march 29th last trading day of the month my guess we are sitting at .23
Whats yours?
CK