Wednesday, September 20, 2006 10:23:25 PM
mid July, per Buyins.net.
IMHO, SMMW hired Jack Donnelly Assoc. as T/A for a specific reason, to go after short selling and more importantly, naked shorts in this stock.(same co. hired by PAIM/PAIV to go after short/naked short problem) The 9.6B shares noted in August shorted could be only a fraction of real shares shorted, as brokerages only have to release short info on a per day basis.
Plus, that # does not include the naked shorts, because technically these shares do not exist.
Something is going on to have 2Billion shares traded today,10X the normal volume many days over the last few months. The majority at 9M share allotments, as if someone is accumulating @ .0001.
The acquisition PR today is good, however, IMHO there is a hidden motive for this acquisition? Compensation to SMMW was in shares.
All pinks are a gamble, so we'll see.
Best Regards
Not a buy or sell recommendation.
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