It means...Someone has to come-up with ~74M shares to deliver, buy back, cover.
If stock continues to rise, fear will begin to accelerate and the shorts will be forced eventually to cover (at any market price).
This is known as a SHORT SQUEEEEEZE.
One can argue, but IMO, almost all OTCBB's are complete junk: -- Rarely profitable -- Poor management -- Highly undercapitalized -- Outrageous number of shares authorized -- Lack fiduciary responsibility -- Release teasers (email pushes) to pump & dump -- Periodic dilution -- Occassional reverse splits -- Lack demonstrated credibility -- Management plunders their shareholders
Because of these reason, almost ALL MMs short these stocks, "The Stinky Pinkies". -- Many have no idea of the details of stock making market for -- That's their game -- Odds are highly in their favor to short. WELL, DOESN'T APPEAR SO IN OUR CASE.
MMs are getting in extremely deep now. How are they going to find ~74M shares? And growing!
I just heard the most lovely two words. Blue Horseshoe loves Anacott Steel. Anacott Steel? Right. Looks like Anacott Steel's the play. Check the arbs. Looks like it's being accumulated. We've got to position it. Yeah, Lou, Anacott, high buy. Yeah. Take it and bid it. If I'm right, eighths and quarters won't matter. This is really special... Anacott [UnifiedOnline] Make the tape. Bet the ranch. Buy 100,000 shares.
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