this is my favorite thing in the news release
Now that you have pointed it out, I have to admit to enjoying it myself, if only for the staggering amount of obvious BS Weinstein managed to stuff into a single paragraph.
Kevin I thought you got out... why are you still posting here...
I didn't know being invested was a requirement for pointing out BS.
Now onto the Prbss relebse:
The short sellers have bet that ZIXI will never have a product or customers
I see, because as everybody knows, any company that is powerful enough to not only create a product, but actually acquire customers for that product, must necessarily be worth at least a billion dollars. Thus anyone saying ZIXI is overvalued must be betting against the existence of product and customers. Makes perfect sense to me.
This week's news proves the short seller thesis is flawed.
Even allowing for the sake of argument this bizarre, self-serving portrayal of the short case, I find it rather dubious to call a free beta test version a "product", and firms that are not only not paying one red cent, but were clearly compensated for their endorsements of a program they had barely even tried out, much less made practical use of, "customers".
(Aside: now it becomes clear why so many of the releases regard law firms. Who else would have integrity low enough to endorse an ostensibly high-tech product sight unseen?)
With a formal float of about ten million
11 million, but what's 10% of the float between friends?
and a trading float of six million
Whatever that means.
natural buying by fund managers
Because as everyone knows, a fund manager's natural inclination is to put his investor's money into the most speculative plays available on the market.
...
But even if ZIXI does run up to $100 and more as you say, you needn't fear for the shorts. In a market where a single press release can drive a dormant stock up 1000% or so, ZIXI is a downright underperformer. A half-dozen PRs and it only goes up 50%? The market must positively hate this stock. Any losses one might incur from shorting ZIXI can be easily made up by simply going long the really hot stocks out there. |
