Gee,
Do you believe the poster from earlier that there are only 100M short shares (supposedly from Bill Young)?
Just as I no longer believe that RME has never sold any shares, I also think 100M short is way too low.
That would mean that the short position has not increased in months. It would mean that BMAS is just buying from longs who are determined to sell to keep the price down.
That would mean that Furth and BMAS together take care of the short (even if Furth's group does not have another 60M). That would leave Metter's "under 100M" to divvy up among the rest of us.
Somebody is not telling things like they are:
-Furth's group more than another 60M?
-IHUB over 50M?
-Yahoo over 30M? (the 50M doublecounts Furth's group)
-2000 other holders? (another 100M if average of 50K each)
-Bill Young?
-Other insiders+friend+family+employees (gotta be 50M at least)
How does this all add up to, say, 90M? I just do not see it.
Either Metter's under 100M float number is totally bogus, or Bill Young's 100M short number is way off.
Trading this past week and today suggests that things are far tighter than they appear.
I have not sold a share and I am apparently about to be the proud owner of a big block of certs (Ameritrade says they are in the mail -- hopefully not the same story as Doog, who I think had mail problems).
Wadi Rum
