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Thursday, June 06, 2013 8:38:25 AM
That's right. Longs are buying, Nick is buying. He said he's buying up to 80m more and hopefully he will retire that 33M (I believe it was) in the treasury. Soon all of the longs will own MDIN and the whiners will be gone.
The PR said 269M in float, so subtract the 33M of the float they said they already hold and that's 236M. Subtract from that about 10M bought the last 2 days (which is < 25% of the volume for those days, by the way, so it would fit the rules), and now we're down to 226M shares out there.
Longs here hold about 200M of that, based on the various posts I've seen. Assume 180M to 190M of that are firmly locked up and won't be flipped below a penny, and you can see how close we are. When chill is lifted, all those new buyers will be fighting for < 40M shares.
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