That is what makes it the most ridiculous argument ever.. just 279,000 shares and yet that somehow is massive. Never mind the company just diluted 1.7 million shares last week in an issuance. But somehow 279,000 shares has become a massive short position based upon nothing but the number itself. Short interest percentage is expressed by number of shares short taken from the total Outstanding share count. Yet it has been pointed out several times that the short position taken was less than 1% of the trading Float, which is meaningless in the discussion of incentive and motivation.
But what is really amusing is that it is assumed that one person held all 279,000 shares..lol.. yet nobody has noticed the three individuals that took the time to post about their short position and the size of it. None of them were 100,000 blocks in fact all of them were half that size and less. Just a couple of posts that nobody noticed or said very little towards and I applaud their candid responses and respect their viewpoint in the matter.
Also Note these are not "regular posters", the one guy has two whole posts and just wanted to comment on the matter.
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