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Re: JJSimmons post# 7570

Thursday, 08/16/2018 9:44:16 AM

Thursday, August 16, 2018 9:44:16 AM

Post# of 10026
Dietrich probably had one of his boyfriends or male escorts make the call so he could orchestrate a conspiracy story. I love it... all the person did was ask about clients and revenues (standard for a CC earnings call) so Dietrich calls it a short attack. Ten's of millions of shares diluted and it's the shorters that brought the price down

bottom line

The firm had revenue of $1,492 in the first quarter, compared with $134,741 in the same period of 2017, according to its quarterly report from May.

A rebuttal to the idea a short-seller is involved might be: What is there to short? The stock has traded at an average price of 30 cents in 2018 and closed Tuesday at 11 cents. Its market cap is $15 million, smaller than all but four companies in the 1,538-member Russell Microcap Index.

“It is shortable but very, very little activity,” Ihor Dusaniwsky, a managing director at financial-analytics firm S3 Partners, said in a message. “It is very expensive to borrow.”

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