Well, the T/A says the float remains the same and the SEC filings to date back that up.
And honestly, very few if any here have the ability to sell 10 million, and those that do I doubt they would be doing it here at this PPS. There are lots that have the ability to trade 10 million plus, but along with the sell comes a buy at some point. You can't legitimately buy in excess of 5 percent of the float in one day and it NOT go up. If an individual possessed 10 million, first they would have done their DD before entering such a position and would be holding for the true value of this company to be realized, and second they wouldn't sell it in blocks below the ask.
I've seen many times investors get diluted, but honestly I don't feel that this is the case here. Why would they dilute here? To date they've paid off an relatively large amount of debt in relation to their publicly released $30 million in sales to date so their margins must be good. They make money and have made enough money to virtually eliminate most of their debt, the only reason to sell shares at this point would be to avoid going back to the IDA/SBA for a sub-prime loan to finance growth. Also I tend to think that they both value their reputations, with DeDe being a 5th term electee and Tom having the public position he has.
Cautious as I am, it took me a while to get to this conclusion, been trading for 15 years or so. It is what it is, and where there is smoke there is usually fire. The short position here is extreme to put it mildly.
Similarly, I wonder how so many people propose to refuse to believe that NSS even exists. Positions that have been on the SHO list for months after months after months.
.06 a share was supply and demand at it's finest, .007 is NSS at it's finest. Simple as that, nothing more.
