Thanks, that seems in line with yesterdays action. Something people have to remember is that as we get a closer to maxing out the O/S some of the noteholders may decide to start holding the shares issued to them rather than converting. I believe noteholders are allowed up 9.99% of the O/S, which would be up to 30 million shares per note holder. If we start to see any Form 4s being filed we can assume shorting volume will start to heavily decrease as well.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.