Re: The waiting game.....Jan 30th = max pain :-)
in response to
by
posted on
Jan 24, 2019 11:14AM
I can only speak for myself obviously, but I'm not worried. I won't say I'm 100% totally at ease...but I'm not gonna stress out over this.
Look at it from the flip side....consider that we have short interest that was up around 350K as of the most recent update up to Jan 15th. Now consider how someone short 100K shares might be feeling. Given that short interest spiked after the news of last April about the proposed offering....it strikes me that the average price those 350K shares were sold at is less than $2 per.
So a player with a 100K short position now would have gotten $200K from the sale....and now to buy those shares back would cost better than $300K, provided there are shareholders willing to sell at that price...and with short interest creeping higher with each of the past 3 updates it strikes me that they're not having much (if any) success.
Longs are all anxiously awaiting BETonMACE results, dreaming of robust RRR numbers and a valuation that eventually soars into the billions of USD. I imagine that would be a nightmare scenario for someone who is short 100K shares at an average of $2 per.
If my read is on the mark or even just close....then shorts are probably frustrated as heck that the lack of news isn't spurring some fear based selling...and are probably looking anxiously each morning praying that +news doesn't come out.