Another thing I'd like to share.
A shareholder I know called the company on Friday to talk with O'Reilly. He asked the receptionist that he would like to speak to O'Reilly. O'Reilly picked up the phone, and also got Promuto on as well in a conference call. The general gist is that they told this shareholder that they are committed 100% going forward and plan on building a very large company. I've been told that O'Reilly plans on leaving this company as a legacy to his children. I also know that O'Reilly's father is very involved in making this happen for his son.
Another thing to note. I heard that a large mutual fund has contacted the company in regards to potentially investing with them. They were able to confirm to the company that there were well over a billion shares naked shorted on this stock. I also heard the shorts are very scared in regards to this newest announcement. I have always said that there was a very large naked short on the stock. It is very nice to see it confirmed. There are too many times that I've seen this stock have 80% buying on a given day, and not go up. Something very interesting I noted last week. The stock had 80% selling on at least one day last week and did not go down. The only possibility is the shorts are starting to cover or O'Reilly and Promudo are sitting at $.13 buying unlimited shares. Either one totally satisfies me. By next week, I think the picture will start to unfold. The naked shorts on this are going to get hammered. Its going to take them weeks if not months to cover. Enough buying pressure will blow this thing wide open.
Let's hope the company stays on track, and keeps painting a clearer picture for us longs, and for people who are sitting on the sidelines to get more involved.
