Wednesday, July 30, 2014 7:35:36 AM
Regarding Posts 95651 and 95666: (Rawnoc)
The most logical reason for the recent 1 million+ share increase in the short position is the expiring warrants. Holders of these warrants, which will expire of August 15, are already major shareholders of NNVC and as such may be hedging the warrant exercise at $3.50 by shorting at or above $4 to lock in a small profit on the shares so exercised.
The company should have cash balances of over $50 million as of August 15.
Straynut
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