Thank you for making the call. I have long suspected that it wasn't CC doing the shorting. CC was hand picked by VLNC's impressive Board of Directors. These guys are very astute captains of industry, and certainly knew CC on a friendly basis. The waiving of the "floorless" terms earlier on clearly signaled the friendly business relationship. Assuming the CC can be held to their word (I know of no reason to believe otherwise), then who are the shorts hitting the bid? Likely "death spiralers" trying to get CC to short along. If CC does not short along, these guys are in some serious doodoo. With about 2.5M shares short, the shorts have to find these shares somewhere, and quickly. The fact that the company hasn't tried a "fluff" PR (most companies would have), suggests a level of confidence that should truly have the shorts wondering exactly what Lev knows that they do not. The fact that VLNC management considers a short attack, unworthy (my words) of serious attention, may just mean that they feel that the growing short position will truly help to propel the stock to much higher levels, upon PO announcement, and allow capital to be raised at VERY favorable terms. Notice that they are only borrowing on a month to month basis now because of the current low share price. If they were concerned about their future, they would have gone for the full enchillada in the $7's and raised like $30M all at once. I am very comfortable with my position in VLNC, and understand that companies have 52 week ranges. VLNC sure looked bleak at 3 1/8 a year ago, only to leap to $11+ on rumors of production. We are now IN production, and Lev is expanding the manufacturing facility. I am in VLNC for the longhaul, and the current share price causes me little more than a smirk. A smirk because I can get a few more shares very cheap, get a few more friends in cheap, and think about the horror that is facing the shorts on the day the first PO hits the wire.
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