Here’s a question for the board re stock value.
Most of the Vrng longs are pretty fully invested in the stock. We’ve had numerous opportunities to buy in as the stock has had many dips over the past weeks. In the event of good news many investors fully expect the stock to rise because certain questions about the definiteness of Vrng’s big award will have been confirmed. The value will be there, and be confirmed.
But the shorts who have been so remarkably successful in knocking the stock down at will still have their money and shares bought or located and will still be loaded up for bear. Question: Even with good news, what will prevent the bears from being even more effective in stealing any gains that would otherwise come to pass with good news?
The two things that the shorts have had working for them with this stock won’t change, to-wit: (1) this is a small company with a relatively tiny float, and (2) the stock price itself is extremely low, thus allowing relatively small amounts of funds to have a disproportionate effect.
Of course one has to hope that the “good news” will bring in big amounts of new money so that the shorts who have been so successful in controlling this stock price will be overwhelmed. However, I really don’t see that overwhelming the bears will be possible in the short run.
I’m very long on this stock, and don’t mean to sound pessimistic at all---I'm in for the long haul. But I pose this honestly. How the heck will this stock, with such an easily-manipulated price, be able to vitiate the bear raids that are so sure to come? When it comes to guessing what might happen as a legal matter I can always make a guess, but when it comes to stock manipulation---whether legal or not---I’m in a quandary. (This sort of reminds one of IDCC in the old days, only more so.)
What do y’all think?
