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Friday, July 25, 2014 12:24:50 PM
In January - March of 2014, shorting CANV could be dangerous because of the very low number of free-trading shares. As that number has been increasing over the past few months due to the sales by Stuart Titus (62K shares,) and the likely sale of some shares held by the accredited investors.
Here's a link to a very interesting article on Seeking Alpha about a stock that was suspended by the SEC a couple of weeks ago, which describes a strategy where insiders holding most of the shares could create short squeeze situations in stocks with extremely small quantities of free-trading shares.
http://seekingalpha.com/article/2309115-cynk-technology-is-the-new-scheme-in-town
I think it's possible that that technique was used to drive CANV to $200, but it will be harder to implement now.
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