Let me Clear the Air
(a) The 1 million shorts was put on around mid Oct. and was covered by end of Oct. No short squeeze. Currently, only a few thousands shorted (b) Insiders are not permitted to short unless the shares are their own. No naked shorting or shorting on borrowed shares (c) I believe the shorting was done by Fipke to drive down the stock for rollback (d) No flow through done at $0.02 as min. price for financing cannot be less than $0.05 under Exchange rules UNLESS under a rollback (e) The sale of the Ring of Fire was to arms-length private company. MTX is to receive 2,780,000 common shares (valued at $278,000) which is approximately a 29% ownership interest in the private entity.