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Re: Xrts post# 3135

Monday, 04/21/2014 9:27:02 AM

Monday, April 21, 2014 9:27:02 AM

Post# of 8287
What exactly is the mistake? I wrote that I would normally short when it was at $11+ but was unable to get a borrow. I said I would play from the long side when it reached more attractive levels. I think the attractive levels are here, but would not be surprised if we dipped lower. I believe the risk/reward has skewed to the reward side in a very favorable manner. I think an investment or trade will be very profitable for 2014/2015 with a little patience.

Here is my article from September 2013.

article

My advice to investors is to sit this one out and wait for the Series D convertible shares to be absorbed into the float. I don't see an immediate monetization of either portfolio, which would justify the current $190M fully diluted value of the company. I do expect shares to be volatile on the upside and downside as traders try to take advantage of the low float. I would normally short an investment with the above fundamentals, but without options to hedge risk, tight float, lack of liquidity, and stock being extremely difficult to borrow I have chosen to eventually invest on the long side if/when the fully diluted value is at more attractive levels.