bgtit,
$20, $50, its' just an arbitrary number. But, if AZNT shareholders have the float in Name form, the shorts have to pay our price when they go to the market for their shares backed by certificates.
If a group is strong enough, like the group ay RMIL, we can be stern about not selling below $100 a share !
I know of a least one group that wants to pump AZNT. I told them I would be no part of it. The float at AZNT is very small, pump & dumpers are buying and selling air, they have no impact whatsoever on the shorts need to come up with certificates to back their naked positions.
What we need is for the company to constantly update us on the inventory of street shares at the TA and the DTC.
The company IR rep John told me the inventory at the DTC is very low. The need for shareholders to demand their shares in Name form is the most important factor in the squeeze being successful.
John also told me a news release is due out this week announcing the arrival of AZNT's sugar substitute in the stores. This should motivate some buying.
We need the company to keep us honestly informed about the inventory at the TA, the DTC, the correct float numbers and to come thru with their release as promised.
Shareholders need to demand their shares in Name and to not sell until the agreed exit point of $50 a share is achieved.
The company retired shares IMO because Zapara was compensated in shares. Mork shorted AZNT the same way he shorted RMIL. Now, like RMIL, Zapara is left holding the bag. Zapara, Mork and Puhrty have played this game long enough. Now its time shareholders applaud the strategy AZNT has implemented and fight back!
Rich_1
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