Friday, October 24, 2014 11:48:23 AM
The quote that short sellers have to cover their positions at the end of each month is simply inaccurate. Shorting OTC stocks is simply not always ideal, but that is not to say that you should be positive.
All the uplisting comments over the last 24 hours are highly irrelevant to the company's future and doesn't necessarily have to indicate good news on the horizon. The minimum requirements are so low, since the company only has to have an equity position of $1mln, which it can easily achieve by selling some securities. Therefore, I don't see why the company's application won't be honored.
The more important question remains: where are the orders? Each day passes without news on the TC lease renewal. Remember that STWA has no incentive to remove the AOT machine from TC's site, since that would imply that TC is no longer interested. Let's wait for some news, but if no news arrives before Tuesday, then you should be at least suspicious of the situation.
Recent QSEP News
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 07:15:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 08:39:38 PM
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