RE:RE:RE:Shares Up 12.90% Today?Maxmoe wrote: Lucky timing for me perhaps, but I bet the shorts are had a sphincter tightening afternoon. I'm tightening my seat belt for imminent news. Should be volatile either way.
Divinvestor wrote: It was certanly a very interesting afternoon of trading. Some very pick lots purchased. Nice to see that type of volume whe we trade higher. Maybe an agreement with the banks? Who knows, most of us will likely find out on Nov 3rd. Yesterday was the first promising looking day in a long time. Oil down big today, will be watching to see if that volume is here again today or if we will trade down with the rest of the oil market.
there are only 4.5 million shares outstanding with a float of 339 million shares and there is the possiblity that the shorters also own shares. the current price looks like a mid point in the two possible outcomes, recapitalize @ 5 cents or a white knight rides in and pays 25 cents.