yes its under accumulation, level 2 shows a huge short position and there are several brokers real short. the european film library is not the reason for the accumulation, there is a private company wanting to go public, that will do a stock swap with dfnl, it is an internet company, has significant revs, and will allow for dfnl to have the assets for a listing. this is all rumor, but with only 280,000 shares in the float and a big short position, it could get interesting real quick. time will tell. additional deals could be just icing on the cake. but, like any other bb stock, it will be subject to otc bb hell unless they can get friendly mm's in place, which is also rumored to be occurring, and level 2 would certainly lend credibility to that.
macker |
