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I am not sure it did but that

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soesbandit   Friday, 04/25/08 11:29:14 AM
Re: bell345 post# 82
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I am not sure it did but that is how it would appear. It is not uncommon for small companies to seek financing by doing private placements w/ LLC's from Europe. Some of these LLC's then have been known to naked short so to speak, using their unregistered shares as unofficial collateral. Not to worry, it is normally only a one-time hit and the presure on the stock normally lifts quickly with the pps returning to near original levels. Normally the offshore fianancers aren't this wreckless with selling but other traders or MM's may have gotten wind and piled on for a quick short near the end. That would explain the 0.30 bounce from the bottom (covering). The other explaination could be large holder unloading part of a position but this wouldn't seem like a good time to do it with the stock at historic lows. If that was the case I would think you would see a filing post for insider trading in the next week.




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