I think it is an obvious error to think that Daic, DE Wine, Turrini and Peirce's interest in and benefit from participation in CLYW is based in, dependent on, or primarily focused on trading the stock. Instead, the trading in the stock is, and the overt struggles of the company are, or were, primarily useful as a distraction from what is happening that is more subtle. I think their interest in the stock is more limited... focused on their (erroneous) perception of what they need in shares held and efforts applied to enable sustaining their control... and in the utility that is inherent in selling shares when that is useful, as it enables them in extending their control.
That isn't to say that shorts aren't or haven't been a factor in the trade here... or that the ability to wrongly sustain control of the company hasn't depended on the ability to sell shares, or to otherwise interfere with the legitimate market function...
Shorts clearly have been a factor in the trade here, but, mostly on an opportunistic basis... which is apparent in participation that tends to act to cap any moves higher and then move out again. Shorts are the primary reason the last move higher was capped at $0.17 and didn't move to $0.50 or better as in prior moves in similar circumstances... but, there isn't any obvious nefarious intent apparent in that, rather than the routine in opportunistic trading undertaken by those with the market power to make their trades matter.
Market reality is still that you can't discount the potential that insiders might also be trading from offshore... in an attempt to mask their interest, or through proxies, etc. TWIW, the most recent run appears it was jumped on and capped by the trading of outsiders well before insiders would have had a chance to benefit from it... given they probably expected to see much higher prices resulting from the effort, back then ?
Shorts in the trade in Sept 2010 appear they were resolved rapidly... and, certainly, not later than Feb of 2011... and the interest we saw then appears it had nothing to do with any of the insiders.
.JPG)
AI
.JPG)
