RE:RE:RE:Other items regarding the shares and rights.The shorters won't likely want to short the rights because they expire in less than a month and they won't know how many will be available because many shareholders will just want to exercise the rights for the discounted shares just like the insiders have committed to doing with 30% of the rights being offered. Insiders have the best knowledge of the situation and are putting a significant amount of their own money into this.
The shorters could try to continue shorting the stock and try to cover with the rights, but if no one is selling, supply and demand will drive the price of rights up and shares will go up with them. This is not what they want. The value of the right should be the share value minus 15 cents exercise price divided by 1.5. So current price of 29 cents - 15 cents equals 14 cents, divided by 1.5 equals 9.333 cents. 30 cent share price equals 10 cent rights price. Alternatively, the price of rights x 1.5 plus 15 cents should equal the share price. if rights trade for 15 cents share price should be 37.5 cents.
I think this offering is a shot across the bow warning shorters that tthere is no more opportunity to drive prices down. Cover now or prepare to be squeezed. Based on the comparisons to other LP's, which were very well laid out in the presentation, shorters will probably cover their positions and move on to other companies where they can still make money.
Make no mistake, all the people talking trash about the company want to shake your shares free for as cheap as you will sell them.
My advice is to take your cue from what the insiders are doing. This is a company that has a bright future, we have bounced off the bottom and you have a very rare opportunity to join them for the ride to profitability, positive cash flow, increased production and the resulting increase share value. Just my thoughts...do your own DD!