Shorts have dealt with "Urban types" before HUNDREDS of times. Typical behavior by the CEO under a short attack is practically pre-scripted. Look at this press release today AGAIN by a company under short attack. This is by far and away one of the most pathetic efforts to prop a stock price up I have EVER seen:
My point is this. The shorts expected Urbie to behave just the same as every CEO that tries to fight the short attack -- hire a promotional firm to try to fight this. THAT is a losing battle. Somewhere along the line (and I'm not sure HOW this happened) Urban was enlightened. And instead of choosing the traditional defense methods employed by every other otc/pink stock, he went to a top law firm and suddenly we are hearing NOTHING. No defense. No fluff PRs. Just silence. THIS is COMPLETELY unexpected. The shorts are continuing to operate under their old methods and what they would normally do, but they have NO IDEA what is coming (then again, neither do we) and they have no idea WHEN it is coming.
I cannot stress enough how unusual this situation is. Pinks/otcs do NOT combat the short manipulation this way. This is untested territory and no matter what the bashers say, THEY DO NOT KNOW WHAT TO EXPECT IN THIS SITUATION. Volume is gone. You can't make up for a massive short position on this kind of volume. We've dropped from 20+ billion to just over 1 billion. You CANNOT cover on that volume. Selling is practically gone. The paid basher "news" article have induced little effect. The company is still silent. You want to talk about some market makers that are starting to SQUIRM. This could be the REAL DEAL and they are starting to feel it.
Like I said, a car salesman will look you in the eye and tell you he can do no better when he absolutely can. All for a few hundred dollars. You better believe the shorts will set the market up to look you in the eye and "tell" you that this stock looks weak and is going down WHEN THEY ABSOLUTELY KNOW THEY ARE STUCK. They have billions at risk. You think they won't put on their VERY BEST poker face??????????
I'm as impatient as everyone but this is going to still TAKE TIME. I am prepared and LOOK FORWARD to trying to buy more if they can still manage to orchestrate one more kamikaze raid on the share price. Otherwise, soon I believe we will have all of our answers.
To Rbitulsa, Urban likely knew the approximate share count yes, but the lawyer would NEVER allow a release of any number that is not a formally audited/verified number. That's just responsible procedure (remember, Roger Glenn is a former CPA).
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
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