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Re: thelonghaul post# 79085

Thursday, 03/12/2009 6:24:06 AM

Thursday, March 12, 2009 6:24:06 AM

Post# of 82105
I believe the naked short position of 1.94 billion shares in GBDX is accurate. I also believe the public float is no more than 400 million. The next run which will come from a PR should take out the squeeze trigger price of .006. There are approximately 1.5 billion naked shorted shares that could never get covered under any circumstance. I don't believe there is a legal limit as to how high GBDX would run to. Either by PR or T/O. A T/O will only put pressure on shorty to settle at any price or be financially ruined.