I'm new to trading and am not the sharpest knife in the drawer when it comes to shorts, so educate me. The GMXP news release that originally announced the naked short position of 3.5 to 4 million was in early June. Does anyone know how many of those are left? How many were covered in the meantime?
GMXP/GXPI executed the split to clear out the shorts. It's my understanding that a short has to be covered at the time of the split. Not so - please correct me?!
M. Hill has made a lot of headway in a professional manner since this company went public and seems to have his ducks in a row. That would indicate that he should have the end result of the split pretty well figured out.
By the way, I lost money due to hype early in the game on Tao Minerals, but have always liked the property and think there's a good chance the time is right for that one. This deal seems to be much better set up out of the starting blocks than Tao was...I'm very optimstic and am putting my money where my mouth is here(some trading, some for the long haul)...time, of course, will tell.
marich