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Re: Hawksfan post# 10585

Wednesday, 10/08/2014 12:41:02 PM

Wednesday, October 08, 2014 12:41:02 PM

Post# of 14303
That is incorrect per the filing of the terms of the agreement Hawksfan. The shares have to be kept on reservation in the case of new investor/preferred shareholder conversion. The company itself does not have significant availability to sell shares. Also any conversion by preferred shareholders must be reported within a timely manner - which will come in the form of another filing if this is actually share conversion. However, considering IB had over 200k shares available for short selling and is now down to 10k available, this is obvious somebody is short selling in attempt to cause a panic washout (also in a time when not much volume is required for price manipulation). With people buying up lower prices now, though, the short sale may have gotten a bit overzealous. The company did not just do an R/S to be able to dilute, though. Please read through the full filing before attempting to misinform the board.
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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