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Friday, August 22, 2014 12:04:29 AM
Re: Lowhndcpr post# 33633
Post # of 33851
Lowhndcpr, I don't believe the company insiders have anything to do withe the price drop. Remember their shares are locked for 18 months.
Here is how I see this happening.
When the price of SPLI took off after merger announcement in Jan/Feb the demand out weighed the supply as there was only 93.2M shares in the float. So the MM started taking on a short position, it only got worse due to speculation of MMJ hype. Some where along the way they have to cover and with the Sykes of the world along with the MM it got out of hand. I would not be surprised if the short at one time did not match the entire float and until all have covered I believe we will not see any major runs. There are quit a few longs here in Vapor and they refuse to let them shares go back to cover, so it is now and has been a waiting game. This is my opinion only but you can look and calculate from the volume back in Feb and March and see what I am saying.
GLTY and all Longs, sit tight and it will change direction for the good.
ST with 1.375M Long Who holds the rest of the 91.9M shares of the float?
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