Who's selling? MMs and naked.shortsellers trying to cap it....
....They are playing a losing hand here. This company is real, it is making product and probably has already made shipments and generated revenues. When a company no longer needs to sell stock to generate cash (and we are on the cusp of that right now), shorting shares won't starve the company of cash. Remember that. Revenue generation is death to shorters. They can't beat that.
Remember this too - every share they sell now, in their feeble attempts to keep a lid on the stock price, they are going to have to buy back. When the company pays dividends they will have to come up with the cash to cover the dividend payment for every share they own. They are constructing their own trap.
As I write this I see we are already back up to almost the .006's.
It would have helped to have the live feed - I'm absolutely dying to hear what CM had to say on production. But we'll get it soon enough. Probably the shorts disabled the server in an effort to suppress the positive news. Don't laugh - they're capable of much worse, and they have probably shorted a billion shares in the past several months, so there is A LOT on the line for them with this one.
Anyway, that's my opinion and I'm sticking to it. Shorts and/or MMs capping. They'll lose. And lose big !!!
M78
AI
