Kevin, you seem to have the capabilities to research this one for me (us). I posted a while ago a request for some research based on a claim by one of the contributors to this thread.
Basically, the theory was that Yorkton has a supply of cheap shares through its $1.75 warrants and as a result can continue to short BII and pick the shares up cheaper as the share price moves down without risk since they own the $1.75 warrants. This works for them because if they ever short and the share price goes through the roof, they can just unload their $1.75 warrants and not get hurt. Therefore, the theory would suggest that as long as there is no significant news, Yorkton can and probably will continue the game of shorting and suppressing share price. Hence, no short term gains.
A statement was made on this thread that Yorkton had Millions of shares shorted at this point in time, mostly at around $2.92.
Now, can someone do a little research to see if in fact Yorkton is short at this point, and if so, by how much?
With so much negative views expressed here from time to time, it would be nice to see if someone is giving us real information or just trying to shake out the nervous investors before the next share price rise! And once we know who is attempting the shakeouts, we can discount their information, if in fact, we need to.
Thanks, Sili(con) Investor
P.S. I am LONG on this stock and will continue to be.
P.P.S As well, I find it hard to believe that Yorkton, as a member of the board of BID.COM, would be involved in such activities. But maybe I have got to learn more about this investing thing. <g> |
