The writing has always been on the wall here. Huge naked short position created by MMs, particularly Knight Capital Group (NITE).
The question is who would create a website saying the issued and outstanding shares are 18.5B out of 20B shares authorized. Does seem a bit odd and even more odd is the company contact information is based in Vietnam. Very strange indeed !
Would love to see the short get destroyed here. Perhaps, that is what is going to occur. It sure seems possible. I love it when short sellers lose in a BIG way like they did on SRG*
It remains to be seen but I will be watching this one closely and perhaps if the DD points to a massive reverse merger, I just may buy up a bunch more shares.
Cheers,
PC
Disclaimer: My opinion is based on extensive DD of fundamental & technical analysis of the company, its business plan and management.
