For my last post allowed (for the night) and probably for awhile, I will address your concern this way:
1. Some long term shareholders who received their shares from acquisitions and no longer have a relationship with mgmt MAY have used this bounce and liquidity to sell not caring what is going on fundamentally. And some like Old Guy on this very message board sold on the bounce, happy to get out after sweating the $0.40 price, not caring what is currently going on.
2. However, more than likely, large shorts are still following from the bogus HB report of last summer. They assume that any up move in stock price is probably just bogus hype. They don't believe that anything will ever be real and that this company will one day be worthless or bankrupt. And with their approach, they are right most of the time with other pink sheet penny stocks.
3. HOWEVER, every once in a while, there is a diamond in the rough, and the shorts are so in love with their perspective that they don't pick up on what's really happening and don't believe it. So on a day like today, after the first bounce, they short the stock aggressively, believing that it will stay around a dollar for a little while and then head back down to $0.40. So they put on a short position and then try to beat it down every time there is a lull and no big buyers around.
4. It is no different than being a republican or democrat. If you believe strongly in one side or the other, you will never listen to what the other side has to say.
5. However, for PRED, this time truly is different - way different - game changing different. By the time that the shorts really understand this, they will be a part of the short squeeze that breaks the stock price above $7 and takes it into double digits.
6. Maybe most importantly, if you understand what is going on in the company, then you won't care in the least what games the shorts are playing. SMART MONEY IS HEAVILY ACCUMULATING THIS STOCK RIGHT NOW.
7.And to the person who asked about Merle bringing the lawsuit, all I have to say is good for him but it is irrelevant to what is going on with PRED and what is about to happen. I don't care in the least whether he follows through with the lawsuit or whether HB gets crushed and pays big fines. Makes no difference at all to me and no difference at all to the stock price. The price is about to explode upwards because the fundamentals are exploding before our very eyes. The outcome is inevitable.
