On the subject of shorting the stock. First, I don't think increased volume necessarily reflects a higher short interest...Shares are being bought and sold. What is interesting to me, and we've touched on it before (a few months back), is that I can account for the entire float being held by myself and friends of mine. So the market makers are definitely SHORT of stock. How many shares short is anyone's guess, but it makes for an interesting scenario. Let's say the company makes this great announcement: we are doing a reverse merger with company x, a nasdaq company, and we have more internet telephony deals valued at 50 million dollars!!! With NASDAQ status, more telephony revenues, and a company currently valued at about 15 million market cap, I would expect some serious buying. If the buying is massive and intense (not over 3 weeks, but over a day or 2), the stock is 20 dollars. Call me crazy, but that could happen as we would see an incredible short squeeze. What if the market makers are short 100,000 shares? What if
some investor(s) try to buy 50,000 shares? 5 dollars, Robert? Please. Try $20. A 10,000 share purchase would move the stock 2 points. What would 100,000 shares do? Maybe I'm off my rocker, but maybe not. But first we need news of a caliber to motivate a large share purchase which would serve as a catalyst for a classic short squeeze. And intrinsic to any large share purchase is NASDAQ status, and effective p.r. Without either, we're going nowhere. So LobsenzStevens (the p.r. firm they hired) better be damn good. Thoughts, anyone? |
