Opportunity, I had erased my primary streamer but the quote media had it listed as a "form t" meaning pre/post market. The trade was made at 9:14. it shows the bid was 14 and the ask was 15. The trade was recorded at 15 cents.
I do not think there is any shorting entity as Mata Hari states with a hidden short position. whoever was shorting thie past few days is not hidden. They are showing up on the naked short list. Regardless of what Half full states, I think Smithline is the most likely candidate and he is just ignoring that clause in the loan agreement.
Moro is also not abiding by some of the items in the loan agreement. The public offering was stated to be 3 million to 4 million MAXIMUM. Moro is now going for 6.6 million and he has also changed the contents of each unit to only one warrant.
Maybe Smithline thinks the offering will not be successful and he is just attempting to get more money back. We do not know for sure but Smithline would be the most likely party since he also converted notes on the 17th and 30th of Sept.
If you add up all the payments plus interest for a year, the initial fees for the loan, the $232,000 fine for Moro not having a current registration, the notes he exercised back in March of 2008 along with the $200,000 last month, he has actually gotten back about $2.4 million. That also does not include any profits he made by shorting the stock.
I know enough from reading about shorting that it could be very dangerous to short any penny stock. Someone would need cheap warrants or notes like Smithline to be safe.
