RE:RE:Short position Nov 15?? thanks Onlygame. Short as at Nov15 of 1,736,437 appear amazing to me.
This is the largest shorts balance I can remeber in past year. Six months ago balance was 170,275
Q3 has met analyts target for EPITDA and should not (IMO) create massive short selling and in addition the financing raised was not based upon company need for cash and in any event cash was increased to over 100 million with 57 bought financing.
With average daily volume of 170,275 it would take 10.72 days to cover but only a % of Av daily volume represents shorts covering. (IMO) It would probably 15 trading days to cover.
Any major announcement by ETC, IRD, Wilan-licensing or major acquisition in ITS will drive our selling price and trigger call on shorts.
Imagine what a successful Apple decision would do for shortsqueeze???
What do shorts know which I do not know orthey do not want to recogize what going on in QTRH.
Any comments re above.