InvestorsHub Logo
Followers 573
Posts 14186
Boards Moderated 0
Alias Born 03/25/2005

Re: emich25 post# 4503

Tuesday, 06/06/2006 12:30:28 AM

Tuesday, June 06, 2006 12:30:28 AM

Post# of 35924
The Financing he got for the 8 Mil shares was a small amount, $175K to help pay the first installment of 2 to Wells Fargo, the Financing they are getting right now is huge, something like 4-5 $Million, to pay-off wells fargo and get their Manufacturing lines back in operation, when they get this Multi-Mil Financing, they are going to pay-off the $175K and get the 8 Mil Shares back that have been shorted, they will have to cover in a hurry to give back the shares, and that will drive up the price, they run a risk of getting burnt if the Investors get wind of this and start buying up these cheap shares and they have to cover higher than they shorted.

Join the InvestorsHub Community

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.