CytoSorbents Corporation (CTSO)

[BuyMyAsk]

The thing that is going on now is there are 1.2 million shares short and that is a lot considering the average daily volume. We could see a short squeeze (or we are seeing one). I do not think the conference call was anything to "purchase" the stock for. Dilution is inevitable and sales are still stagnant QoQ for a new product that is entering more and more territories each month.

The fact of the matter is that they are a while away from an expensive PMA trial. It could take years and that would be 2+ additional rounds of dilution. I think the short sellers know that, and for that reason, they are comfortable shoring the stock and having an excessive position. If this runs past $8.30 I think it is the real deal in the near term and it will move higher. Hasn't spiked above then since that bad Q4 2014 conference call.

I am still sitting on the sideline. I would be happy to buy back in at $12+ when I know the stock is moving up and the risk is less. However, at this point I believe the short covering and selling is manipulating the stock and it is too risky to get in.