James, Thanks for the clarification, I obviously read too fast,
Shorts? I am guessing that EVERYTHING has changed. It is MY GUESS that the shorts were done shorting, and then fed some line of cr@p to an SEC official. Reason: To take the stock off the market, and being an OTC-BB stock, perhaps making this a PERMANENT situation.
The LAW SUITS that were FLYING just prior to this SEC action, tells me that this is exactly what they had in mind. i.e. even if we were relisted, people would put 2 + 2 together and figure the law suits had merit, that somehow the SEC action gave the law suits VALIDITY... and would sell.
But now with the change in CPAs to one of the top firms INTERNATIONALLY, and with the huge counter suit against "the shorters", and the possible fact that no one who has tried has found ANY confirmation from the attorneys for the shorters that they "were real" suits to begin with (other than being carefully crafted to create fear in the market to manipulate the price of DCTC downward)...
well at this stage the shorts have NOTHING TO LOSE but to hope to short heavily and crash the stock in a LAST DITCH EFFORT, and then cover as much as possible during the ensuing panic selling.
I BELIEVE that the shorts need to cover their a$$ as fast as possible, assuming they can do so at prices that leave them with $$ in pocket. I bet they shorted like crazy at $3 and $4, so covering at this time might be wise, in light of the very REAL law suit DCI instituted against them, and the fact that REAL evidence against the shorters has been and is being sent to DCI by those with proof, that can be used in the DCI prosecutions.
These are just MY guesses, and I would be most happy to be wrong, and not see any selling next week. For RATIONAL HEADS, just read the NEWS the day of the halt and since then and you GOTTA KNOW this stock is a long-term buy.
Colin |
