RE:RE:RE:On a bright noteBecause fec makes more money the lower that oyl goes. The bridge loan was $20 million due at the end of this month if memory serves. Fec accepts shares in payment of the loan. The lower the sp the more shares that fec gets. They then make an announcement and the sp shoots up and fec cashes in.
Shedrills says that short interest is very high. People are betting on a sp drop as we're approaching the pay zone!!!???? Wierd.
So they're borrowing shares and immediately selling them hoping that they can buy them back at a cheaper price to pay back the shares pocketing the difference between what they sold them at and what they bought them back for as the bit is approaching a potential 500 million barrels which if they nail it will mean that the shorties get squeezed bad as the sp explodes upwards. Nope. Something else is going on.
They don't have much more time to work down the sp. They gotta accelerate the process. The longs are too stubborn. They're holding.