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Re: exwannabe post# 3503

Thursday, 06/30/2011 8:12:34 AM

Thursday, June 30, 2011 8:12:34 AM

Post# of 7054
You're still missing the point... the heavy downward pressure didn't start until the 24th and beyond.... if they were going to short the stock they wouldn't have waited until the 24th to do so but rather months ago. However, for the two months prior to this drop below a $1 it traded in a fairly consistent range of $1.10 - $1.40 which was near the 52 week high. Hence, the selling pressure was caused by the warrant conversion and certainly not a retail seller.