Hi Bama, This PR is absolutely great news. The fact that this stock has been supressed with the volume it has seen is evidence that major shorting was taking place.
A common tactic for MMs is to list a target stock on foreign exchanges. By doing this they escape the 3 or 13 day cover rule set by the SEC. Because the exchanges are overseas extra time is allowed for the MMs to cover thier short positions due to the extra steps to convert funds and fill thier margins. The fact that QRVI is investigating other exchange listings is excellent!!! This once brought out will focus the attention on this shorting issue and will free the stock to rise with selling pressure instead of being beat down by the MMs as in the past. More people will trust that their investment will perform better once light is shined on this problem. I am confident that we are clearing the crappy MMs tactics for some healthy gains very soon...
Below is an exerpt from an article which addressed Overstocks.com MM shorting issue which is similar to what QRVI has been experiencing.
If the borrowed shares are coming from overseas, that's a pretty good excuse for them to take more than three days to show up, right? Turns out a number of companies have suddenly found themselves listed on foreign exchanges without their knowledge. O'Brien raised this scam tactic in Overstock's fourth quarter 2004 conference call, but there is more to this than the opinion of one anonymous conspiracy theorist. A couple years ago, there were a number of biotech companies in just this situation, finding that their companies had been given German exchange listings without any request from management. And I'm sure that by the time I heard about this, the strategy had been around for a long while.
