Post by
ScarletSpider on Apr 28, 2023 6:26am
Yup Shares Are Being Shorted
I wasn't exactly sure how it works but I read on it. So there is an expectation by the person(s) that this company will not trade higher for whatever reason and those who believe so have decided to short the stock. The bids are dropping lower than the shorted .20 most likely by the same person or people most likely trying to create fear and panic at retail. These guys are playing a dangerous game. I do believe if heating doesn't start by June sure the shares could drop in value but whether they would go down to .20 is questionable with an ask of .25 but who knows. Nevertheless someone is by the looks of it shorting this and while I wouldn't that is entirely up to them. If they are that certain one must think how close to the inside is are these people and do they actually know something. This is what you get when management doesn't strategically buy shares on the open market , gives shares away and insiders possibly ones partners also don't seem to buy because I know no way in hell the price should have ever fallen below .40 or .45 yet here we are. One would have to think is this being done by a possible partner again to keep the value of the company down so there are cheap buyout options. Regardless nobody is really helping the share value here and that is what I have said is quite disgusting. Until that happens the price will be where it's at. Having an ask of .25 and no one buying at retail because they are either tapped out or don't want to buy because this management has continuously failed to buy strategically and keep handing away shares is perpetuating all this. The only way this will stop is for people insiders to step up start buying up shares having them values above the .23 price and with the price staying steadily above retailers will be more confident and assured that the price is stable and will buy. Nevertheless I suppose management may think who cares that the price will be whatever it is and will rise when the heating starts. Sure but the problem is the price it may get to will be far lower than where it should otherwise be. So for people expecting a fast $2 I wouldn't hold my breath on that there will need to be something real solid beyond the heat going back on. As far as raises maybe there is something in the pipeline which people know about and again trying to push the shares down so the raise is lower I don't know but with what was done money should flow through at the exercise prices but those are .29 and as to what I said way too long of time frame 2028. I lost track of the other placements. But this looks like a short going on and if the company is behind on turning the heat on with people shorting and no real tangible as needed who knows where the price will go. This management really needs to act because if they continue to be this clueless or not caring well it will ultimately end in a very cheap buyout so one has to wonder about all this and how it is done and at what points. In any case I don't doubt this will reach a few dollars but what becomes in question is will this be a give me shiatty chicken feed in the end or better? People who have said this will end at a few dollars or no more than $10 will likely be right if this is any indication of how management and our partners want to deal. Like I said some partners!!! I haven't seen anything positive here. A workover going on for nearly a year, the share price constantly hammered without any real upward tracking, shares constantly given away at low values so what exactly in the near term is there for the retail share holder? Unless things change quick after the reheating starts I will have to figure out am I better taking some money out or holding my entire position. So far I do not like what I see one bit with how management has been going about doing those things I have talked about lack of proper and full transparency I already went to details in that and as in this post their inability to deal with a lousy share value this is bugging me the most as there is 0 reason to have been below .40 if not .45 no excuse and because there has been no real solid response from management or the partners this is what we get. As far as the 200,000 shares who knows who has blanketed all that. Anyways if people sell into this the shorter(s) can succeed if not they get starved they will have to reconsider what they are doing but how many shares will be used is hard to say. I think whoever this is is playing a risky game however management's lack of bite has created people doing what they are and people at retail not likely wanting to pay more than what management gave shares away at. I said I don't want to pay more than .25 but if management does not buy shares strategically and shares get what I strongly believe shorted down to .20 with people bidding under right now why would I want to pay .25 and see this garbage and be immediately 25 percent down on a shorted price of .20? I may still buy because it is a handful and I believe after heating starts this may rise .30 to .40 I don't think it will rise more than that seeing all that has gone on here I was hoping a dollar plus not likely again there is no basis to believe that as clearly this has been getting nailed numerous times the Gamez didn't just start now I have held that the shares traded back way too many times and they have. This has not adequately held any real range but this bottom of a lousy .19 to at best .22 or .23 and why the company valued it here again due to its poor handling of all this. So again Geoff is useless in this regards. You need proper action to deal with the shorting problem and we know this sector is the most heavily shorted. Anyways looks like a shorting thing going on. I am undecided now whether I want to even pay a quarter I don't see any support short term so why??? Management do something about this this is ridiculous and has been going on for way too long!!! Anyways I am debating things because if I wanted a cheap buyout I also will not like to hold more than what I have and then possibly use 20 percent to trade and why I said I will wait for what happens after heating starts. I expect nothing less than $5 this year but by all that I am seeing we may end at $2 and I certainly will not be impressed but that is the trajectory .50 to at best $2. Way better than .20 but falls way short of what we see as a potential game changer. In any case hard to say where prices will be but right now I am less than impressed. I would honestly rather see my not bring able to buy because shares went over .50 than see this constantly run down and be able to buy. So I am thinking about whether I want to pay over .23 if in the short term I take a hit on those shares as well as what I continue to hold. I need to tighten up looking near term and stop looking longer it hasn't helped me. But I will see where things go this year and decide what to do with my current position. I really want no less than $5 this year because I will call it an utter failure otherwise regardless of averaging around mid .20s nit good enough for a stock we all feel is worth quite a bit in the end it is not showing it now why then in the end? I think management needs to wake up or it shows they don't care they will cow toe to a low offer saying it is still better than a nickel we cane from ok justify the low values and keep doing what you are giving away shares in which case I wouldn't touch these past .50 max. Anyways this is disgusting I would love to see management finally do something that will have bite and keep clamping down so we don't see all this. Easy to buy at premium price and hold if we feel this is good for at least a buck you 4 times but not looking to sell and take money out when like we are saying nothing seems to ve done at a proper retail level. Shorts are having a field day but unfortunately for us who are holding not so but that's the price for holding longer term. Let's see where things go.