"nobody credible has suggested this"
Nobody credible has suggested that there is something called a "Short Cabal".
Nobody credible has suggested that a "Warrant Dividend" could force the covering of either naked or dressed short positions.
I never intimated that someone credible had suggested that NNVC could restore its position on the Russell 2000 and I've never seen that as a requirement to justify any of my comments. I simply constrain myself to REAL issues that in MY view are (or have been or might in the future be) of significance to the subject company.
I understand that you now don't and never have attached any serious measure of significance to inclusion in the R2000 and that's fine. Everyone gets to decide what's important to them. On June 7, 2014, when the pps was $4, CEO Seymour thought that it was important:
"This addition is important since many funds look to the index for their investment decisions
Also, as I understand the process, all index funds have to buy us so that's the reason we’ve seen numbers in the millions of shares that will be purchased after the addition is formalized"
He was right!!! The share price, upon formal inclusion 3 weeks later, went to $4.76. In the blink of an eye Institutional holdings grew to $11M worth of shares from close to nil.
At the same date a year later the shares were at $1.80. There was a great deal of discussion here....dozens of exchanges on the subject among people who recognized its significance.
And last year, when the reconstruction process was about to begin, a lone voice in the wilderness asked "Russell 2000 Does any one know what the cut off price might be? Are we close and this is an attempt to keep us off the r2K?" (That last bit in response to a report suggesting that the Short Cabal was in the midst of a "last desperate attempt to cover"....yes, it was a backwards understanding.)
The response at the time: "In 2014 the cutoff was $169M and the NNVC market cap was $190M so the company was added to the Index.
Last year the cutoff was $177M and the NNVC market cap was only about half of that (~$89M) so the company was dropped."
So all I did in this case was AGAIN to provide the answer to the very reasonable question that was asked last year by someone who recognized the multi-million dollar significance of this issue. The whole message was:
"The bottom market cap for entry into the Russell 2000 was $144M this go 'round. NNVC's was, um, less than that."
I didn't hear anybody ask and I didn't hear anyone suggest that re-entry was possible for NNVC, nor would I have tried to assess their credibility before deciding to report the data. I just posted it. I'm sorry if the subject makes you uncomfortable and appreciate that it isn't a priority for you, but I suspect that it matters to someone.
I was given that information....I don't know.
