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Re: Drexion2004 post# 3357

Tuesday, 08/31/2010 3:16:03 PM

Tuesday, August 31, 2010 3:16:03 PM

Post# of 34471
That is my understanding as well. This is basically an intent to sell, but is subject to the discretion of the seller. The problem at hand is if these shares do come into play we will have a massive dilution in the float as well as a further blow to confidence. That is all we need now is for the shorts to be able to boast about an insider dumping 1.7 million shares.

I know that I am beating a dead horse here, but we have to continue to pressure management to take control of this situation. If they do not step in and address this the shorts and dumpers could literally take this stock to rock bottom.

A lack of defensive measures is further encouraging this assault on the stock and could be setting us up for a complete disaster. Every day that CCME shows weakness through inaction is a day where the short’s ability to manipulate perception strengthens. Could you imagine what would happen to the share price if a fraud rumor surfaced? The only way to combat that is to take the shorts out and force them to move on before they have that opportunity.
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