BioCurex, Inc.(fka BOCX)

[Gold Seeker]

Opportunity, several days ago, I made a post warning others that Smithline would continue to short this stock down to 14 cents. Today, it is there. I would guess that most of the volume since the stock peaked on Sept 29th has been Smithline selling.
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Posted by: Gold Seeker Date: Tuesday, October 06, 2009 1:00:23 AM
In reply to: None Post # of 23389

Smithline has twice converted some of his notes at the new strike price of 14 cents. Pay close attemtion to that item. Smithine is not converting the notes to hold the stock. He would only be attempting to get some of his money back.

How would he proceed? He would short the stock and then use the note conversions to settle the short position prior to the reporting date. Notice that he has done it twice and I suspect he will convert some more on October 15th.

Take heed. Smithline is short selling the stock right now and he will continue to slowly short it right down to 14 cents geting as much of his money back as possible.

Someone was hitting the bid at 17 cents first thing this morning and now you know who it was. He already sold almost 1.5 million shares last month.