Yes! But it seems like TRE is going to go lower to 6 or possibly 5.5. It seems to have got a bout of malaria just like when it was trading at 2 and simply cannot catch a bid.

I get the impression that there is a lot of selling going on which makes me think that all those private placement are being used as collateral for shorting the hell out of the stock.Probably in the last year millions of shares have been sold in private placement I am guessing.

Why not short the hell out of the stock forcing investors to sell in search of better returns and pick up quick returns. There is very little risk since you put up your stock as collateral. You knock it down as low as you can then you go long. That makes sense.