Chart Patterns and TA

[gfp927z]

Xena, Using the 'EU 40% of Retail' figure, here is the approx breakdown of share ownership (below). So of the 120 mil shares outstanding, ~ 33 mil shares are held by owners in the EU, and ~ 53 mil shares are held by owners in the US / other, and ~ 31 mil by institutions (approx figures). If we assume both the EU shares and the institutionally owned shares are not readily available for closing out short positions, that would only leave the US / other shares available. So ~ 53 mil shares available to close out 20 mil shares short. And based on an average daily trading volume of 1/2 mil shares / day, it would take ~ 40 days. So not an easy task, especially if the short positions are held by just a few big players. So it does sound like the shorts are in a pickle.


Shares Outstanding -- 120 mil shares
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Institutional (26%) -- 31 mil shares

Insiders (0.5%) - under 1 mil shares

Retail -- US / other - 53 mil shares (60% of Retail)

Retail -- EU - 33 mil shares (40% of Retail)



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