"First of all congrats to people that have accumulated enough wealth to can step in and stop a short attack with their own capital. that is impressive!"
uh, thanks! I don't actually really fit that category, but was using me as an example of a larger class of longs who can/do step in when shorts try to run down a stock. You'll have to talk with Mr. Icahn (I'm sure you know the HLF story) to get the real deal!
"agree and that puts us back into yet another BINARY situation doesn't it? " Yes, I believe it does, because this upcoming one will either show a continuation of monetization or another (from a certain viewpoint) failed execution plan..
"Is there a chance the short is the same company that loaned them the 12 million? Would that be legal?" Someone smarter than I will have to handle this one.....
"...you are making yourself a target to attract those hedge funds that seek shorting opportunities. " partially agree. At this point, I think VRNG is too small to engage the attention of a hedge fund short. Also, considering the companies current position with little debt and good cash reserves, I don't think it would appear that attractive to whom I would consider "smart" shorters.
Also, regarding short squeeze.... at 10-12% float, a squeeze may not be as strong, OR.........it could be very strong if no longs wanted to sell. However, considering how many are under water, I'm thinking there is a set point where shorts will be able to cover (albeit, hopefully at at significant loss to themselves) due to volume of longs that will be ready to finally dump a long held losing position. That would cap the skyrocket effect.... JMHO....
