Bottomline-Facts: 2.8M O/S current per T/A 10/2, per post #14425 from Art2Gecko who I respect. Stated Don said may have a O/S increase after the merger, but per the T/A the O/S is still 2.8M shares as of 10/2.
Rumors are bs and seasoned traders should know the difference.
Of course after the merger the O/S may go up a little bit for growth of company and shareholders benefit. There is less than 3 million shares available currently, of course additional shares are required to grow a company that is growing itself. With such minimal shares outstanding, why would a company incur debt vs issuing additional shares for growth capability.
However, for existing shareholders looking to play the short f@#$K up, does not matter at this point if O/S will be increased after the RM is complete or not. The only reason the pps went down late day from a high of .60+ was the bs rumor that the O/S count was ALREADY increased, which is inaccurate; per the T/A confirmation today. The current O/S count is still 2.8M, and has not been increased! Therefore, the same situation still exists for the shorts.
Amazing the short term bs selloff late day after the bogus rumor started at another website. Facts don't lie, rumors are perpetuated to try and minipulate the truth, pure and simple.
Still large amount of shorts/naked short shares that MUST be covered and certs must be delivered upon merger completion, period. Other posters stating a $1.00+ pps with the short covering still required is valid, IMHO. With a RM, the shorts must produce the actual certificates. And most importantly IMHO, the majority of shorts are retail traders who with their tail on the line, not MM's playing a game.
Rumor today IMHO created a super buy oppty for those who thought could not buy shares under .50 and higher. When the NOBO list is shown, shorts are done!
Best Regards
Not a buy or sell recommendation. My opinion only.
