Well hurley... when you think about it, there are probably more shorts than I first thought...
Follow me here.... the fibonacci's projected between 992,657,740 and 1,162,170,928 shares were out there in some form... and while I can get excited at how close that is to the 1 billion Megas has recognized, it really is much better than that.
You see, 251 million shares owned by Megas have NEVER been traded... so they must be subtracted from the 1 billion shares in the OS - leaving a very real and official 750 million in the float
Compare 750 million float to the fibonacci's... and it leaves at least... and its important to remember AT LEAST - 250 million market shares unaccounted for... and probably much more.
Normally, the fibonacci's don't distinguish between dilution and shorts... but here it is remarkably easy to label those 250 million as shorts - its the only thing they can be.
And now - no matter what anyone else may argue - they are not merely shorts. They are naked shorts.
But lets be brutal... because we need to finish the thought here.
I suppose it is possible that the entire 750 million float was traded in August 2005... but I don't believe it, because that would mean that effectively every single shareholder flipped at least once that month. So the unknown quantity here is... how many shares were flipped in August 2005?
Simply put, the NSS here is most likely 250 million plus (+) (flips * 38.2%)
To help with the math... if 100 million shares were flipped, the equation becomes NSS = 250 Million + (100 million x 38.2%)
.... or 250 million + 38,200,000 = 288.2 million NSS shares
So pick your flavor... how many shares were flipped?
Those who believe without reason... cannot be convinced by reason
