For a relatively small company, they have put on quite a daily/weekly assault against the phony naked shorts.
Persistence is the key and the CEO seems to understand it.
Lets review what have we seen today....
1. Definitive dates for the merger announced. Before March 24. With positive statements the follow up merger is on the first ones heels.
2. Three restatements regarding increasing shareholder value. Keeping many penny traders on the fence waiting for the next event. In fact, turning some into relative long term investors at this point.
3. Net profits numbers given for the first merged enterprise.
4. Threatened dividend, where most of the proceeds will be funded by short traders.
Rendering the shorts completely mute may take a little more. The next round might include a definitive dividend date and clear numbers in regard to the combined merged company, including net income. Combined estimate on net income, along with SEC paperwork would be the final nail in the shorts coffin, especially if the numbers represent a company worth closer to a dollar, then a penny.
The next three weeks are going to be a lot of fun to watch!