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Friday, May 11, 2012 3:38:55 PM
I had mentioned that we had seen the evidence this week of what a low float can do. I know 2M shares to change hands on TUE was more than we had seen for quite some time - but you can see how easily a low float can move upward - and how it can move down, also.
Myself, I think VERY, VERY FEW pennies get shorted. It's not impossible, but just extemely low on my probability list.
All you need to do is ask, "Who has a lot of shares that they would like to get rid of?" I come up with only 2 answers that fit the volume of shares:
1. Asher
2. Fann/Besuchet
It is my humble opinion that one of those entities got some volume pumping and sold a bundle of their shares TUE & WED. Since Fann sent the PR, I doubt he would notify Asher ahead of time to be ready.
This is what is troubling, to me anyway, about the PR. It is out of the ordinary for SNRY - until then everything has been in SEC filings. Seems like there has to be a reason.
All The Best
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