RE:IIRoc - Short Report Thanks Blowshigh!!
Someone here noted that when you have PP the broker short sell the shares and keep the warrants which seems to be the case given the volume.
So 4M already short and we have another 10M to deal with that could be kept for the permits news to keep the share price spike unfer check..
I'm actually surprised that the price didn't collapse further given that 42% of all trades were short sell, pretty good hopefully buyers will come with permit news and keep up the price! Unfortunately I think we will be disappointed similar to the weak spike we had with Federal Permits which proves that management's decision was very ill timed for unknown reasons! Maybe to have lower prices for when off take agreement is signed and provide more shares to the potential partner(s)? Time will tell...