AI
Tuesday, July 29, 2008 2:27:15 AM
Supposed Short position in perspective.
Lets just say that the total O/S right now is 3 Billion shares which is realistic considering the company continues to dilute shares and each filing to date has shown Dilution not to mention the A/S is 5 Billion shares so lets just use 3 Billion as an example and I am confident that figure is fairly close to reality.
The Reported "short Position" of "July 25, 2008…....…16,869,539 Shares" in perspective is only .005% of 3 Billion shares equaling a dollar figure of about $21,930.00 if those shares traded at .0013!
If all those "reported" short positions were to "cover" tomorrow what affect do you think .005% of the shares out their is going to have on the PPS? If you had a glass a water and .005% of it evaporated would you notice it? Not even a BLIP on the Radar! and would not likely have any affect on the PPS, so people can scream that "shorts need to cover" but I doubt that is going to send the pps in any positive direction, the percentage of the shares is just to small to have an affect on anything IMO.
Made in Ningbo,City China?
Lets just say that the total O/S right now is 3 Billion shares which is realistic considering the company continues to dilute shares and each filing to date has shown Dilution not to mention the A/S is 5 Billion shares so lets just use 3 Billion as an example and I am confident that figure is fairly close to reality.
The Reported "short Position" of "July 25, 2008…....…16,869,539 Shares" in perspective is only .005% of 3 Billion shares equaling a dollar figure of about $21,930.00 if those shares traded at .0013!
If all those "reported" short positions were to "cover" tomorrow what affect do you think .005% of the shares out their is going to have on the PPS? If you had a glass a water and .005% of it evaporated would you notice it? Not even a BLIP on the Radar! and would not likely have any affect on the PPS, so people can scream that "shorts need to cover" but I doubt that is going to send the pps in any positive direction, the percentage of the shares is just to small to have an affect on anything IMO.
Made in Ningbo,City China?
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