Craig, did you notice SLKC yesterday when he was offering at 2.91 with the next low offer at 3.00 and than he took it further down to 2.86 offer with only one other offer below 3.00. Now he is on the offer again. Doesn't he work for Union?
By the way. What do you make of this:
Since the reverse split we have traded 3,723,000 shares at all prices.
Since the reverse split we have traded 2,765,100 shares above $2.50
Since the reverse split we have traded 2,344,700 shares between $2.50 and $3.00.
Now when you take into consideration that there is only about 1.7 million shares on the reported TOTAL float. And then take into consideration that there are some 3,500 shareholders in the company, and also consider that there are now many positions above 20,000 shares, I have to believe that about half the float is buried in odd lots of less than 100 shares due to all the reverse splits. So IMO the real float is probably somewhere around 900,000 shares. The fact that all the people that I am aware who have purchased stock are as bullish now as ever and they probably have bought a million shares plus, than logic tells me that as a percentage of float, we have to have a fairly substantial short. Particularly with the 2.35 million volume between 2.50 and 3.00, hardly a trading range. |
