AXM Pharma Inc. (AXJ)

[Lenny Penny]

Kodiak1, welcome here

short covering could have been partly responsible for the upsurge in price on Friday, but certainly was not the only factor. the latest report from Knobias shows that there were only about 92,000 shares short. however, on Friday over 700,000 shares traded...that's about 350,000 actually changing hands (half buys and half sells)...so less than one third could have been short coverings. of course, shorts may have started the ball to rolling. just my thoughts. was quite a ride for a short time.

one other thought...AXM is not very far from being dark. they're already on the pinks, and they don't communicate with shareholders now. appears to be only a formality in filing paperwork with SEC to make it official.