LOL- well, If true, that is the lowest thing I've heard in a long time.
I think we have a couple of things to wait out.
The SHO grantfather revision takes effect of 15 Oct. Basically, maker markets will have 35 days to cover any naked shorts (if I understand the law correctly). Then 13 days thereafter. Could be a lot of pea/shell game crap going on to cover the 16mil short shares though.
The next 10-Q, to prove weather the FIGA money is coming in or not, and to see what the expenditures really are, and where they are going.
Could be some tax loss selling happening later in the year, which will help the shorts cover, and keep the pps around this level. But, next year, if this washes out- could be a big year for the company.
I'm thinking at least a double from whatever low comes out in October.
My current target for the shares I own now is $4.89, and I'll add somewhere under $3 if it dips again, and the chart shows a buying opportunity
