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Sunday, September 17, 2006 9:53:36 PM
AWYB I did an import of all the shares traded from the 12th to the 15th. And checked to see how many sells in big blocks where done on the 12th. At least 7+ million and on top of that another 6.5 million was sold at. 0012 and reversed later when we were trading at .05 @ 12:51pm. So total volume traded on the 12th 32 million you have to minus 13 million which is 19 million .....still wayyy over the OS.
I even verified where Shakerz said he bought his boat load lol.
7 million shares /5000 = 1400 shares that were allowed to be traded
7 million shares - 1400 shares = -6998600 shares short
-6998600 shares at .11 cents that's $839832 dollars shorted
$839832 minus the amount they sold it at.
Now let's be nice and say the average sell was at .003.
7million @ .003 = $12000
$839832 minus $12000 = $827832 dollar value short on a QUICK calculation.
Brokers usually do give you 2-3 days to cover.
PAIV was 1:200 decrease in shares not as big of a loss for those who sold compared to ...AWYB 1:5000 definitely going to go BOOM imo.
Reverse Merger PR or not the shares have to be covered somehow. The 3 day settlement for those sold shares on the 12th is over and done and cannot be reversed now.
Still considered a lotto ticket risk not recommending a buy here. I'm still holding free shares from .015 and added more in the teens.
GL All.
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