Viceroy was A LAST SHORT ATTACK & it FAILED: Congrats LONGSIn the last 3 weeks there have been a series of shorts attacks, a program they call SHORT AND DISTORT.
The reason for this attack is that the shorts are stuck with approximately 31 million shares which they are unable to cover at present prices as it signifies MONUMENTAL LOSSES for their funds. It is estimated that they are down some $ 250 million, having shorted at $ 3 per share.
The shorts were caught offguard when RECO surprised them with hole 6-2 results. The results were only supposed to be released after all 3 holes and 2D seismic was done. The results of hole 6-2 were positive and stock soared causing shorts MASSIVE LOSSES.
To try to slow down the price increase the shorts first tirend to instill fear with FAKE LAWSUITS with ambulance chasers and, then had a series of FAKE NEWS ARTICLES published by both National Geographic and the Globe and Mail.
The prupose of these articles was to sow some doubt and fear into RECO shareholders. Both National Geographic and Globe and Mail refused to divulge the alleged whistler blower complaints that were allegedly filed with regulators.
Then last Friday the shorts dropped the Viceroy report of 32 pages, which is the same report that the Globe and Mail and, National Geographic used to publish their articles and refused to disclose to RECO. It is this same report that was filed with the regulators.
This strategy did have very minor success as stock dropped to $ 11 per share, but hardly made any dent in the share price per its intentions.
Having played their last wild card, the shorts are now out of amunition.
The VICEROY report was their biggest card and, IT FAILED.
This means that the shorts will have to cover their short position before the end of July 2021 by paying higher prices, before EXPLOSIVE NEWS from RECO.
This means that we have an order imbalance to the buy side of 31 million shares and, the shorts will probably send this stock to the high 40's before they are finally out.
As a long myself with a significant position I will tell you what I and doing and, what all members of my family and friends are doing.
WE ARE NOT SELLING, we will buy more, we have no stop losses and, we have stock in non margin account and, have sell order at $ 100 per share.
The SHORTS are finished.
We will have KENTUCKY FRIED SHORTS at end of July 2021.
mpo