RE:Who Are These Sellers?There are a lot of warrants outstanding from the 50 cent private placement last year. They expire at the end of may. When the stock was trading well over 75 cents (the strike price) a trader holding warrants could do a cashless exercise, which essentially means selling the number of shares as he plans to exercsie in warrants. For example, if you had 25,000 warrants to exercise at 75 cents and the price was 90 you could sell the shares for 90 cents - immediately exercise the warrants then have the same amount of LDS in your account while keeping the cash difference between 75 cents (strike price) and 90 cents (share sale price).
There are millions of warrants outstanding so I would expect there to be some selling pressure so long as the price is above 75 cents.
sjsearcher wrote: Who are these LDS sellers? Are they hedge funds? Or are there this many LDS shorts? This makes no sense. THey're certainly bringing the s.p right back down, despite the CannaStrips and Reveur recent launches. Amazing how this stock is being so easily manipulated downward by a bunch of crazy greedy lunatics.
Longs - As I said earlier, longs should not complain, if they refuse to stop these shorts by buying more LDS shares. I just put my money where my mouth is, and bought many more LDS shares yesterday, to help combat this short attack. Have you?