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Re: Blue Skys post# 205530

Wednesday, 01/19/2011 6:09:43 PM

Wednesday, January 19, 2011 6:09:43 PM

Post# of 249241
Golpe, First, Let me offer a "Mea Culpa" on the prior "short squeeze" post. I had completely forgotten about it. You're absolutely right. I was wrong, I stated in that post that a short squeeze would begin prior to the $3.60 price you predicted. In fact, I stated that it would begin at around $3.10 as the profit potential for those shorting during the Russell rebalancing started to erode.

Boy was I ever wrong. Only about 400k of the 7.8mm shorted shares have even yet to be covered as we sit at $4.60.

I didn't mean anything personal by it. We haven't ever met and I have no axe to grind with you.

I'm still a bit confused on why anyone would subscribe to a secondary at a price significantly above the current SP, but as I said in a prior post, I don't have much experience in this area. Certainly less than those of you who have gone through multiple placements.

Apologies to all.

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