The news is great. However, it you look at shortvolume.com you will see that since July 3rd, the majority of all shares sold (70 to 90%) have been short. As such, don't expect the pps to jump to .0002 as it will cause a squeeze on MM's. If it does jump to .0002, it will most likely be short lived, and back to .0001. One has to wonder if the MM's like to keep up volume on thinly traded days, and then anticipate covering when the company makes a huge share dump to raise funds. History here shows that the company has done it to the tune of 23 billion shares; a necessary evil of getting to this point. The only way to have avoided such a huge share structure would have been somehow avoiding the short sale down to the .0001 dungeon. However, at some point the cycle stops, and the mother of all short squeezes occurs. It may just happen here very quickly. If DRMS recommends approval, the writing is on the wall for approval. The company appears to have everything lined up with financing based upon today's PR. My DD has always lead me to believe that this company will never go operational, but will result in a buyout at time of approval of the permit. Just check Guyer's background, he is all about doing the hard work and packaging up companies to sell when there is value. The PR released today may very well be a signal to investors for confidence, and to the MM's shorting this stock that if they don't relent on the shorting of this stock they will be caught in a huge squeeze. Just my opinion. gg
AI
