Redwood Scientific Technologies Inc (RSCI)

[Wisebuys]

Very difficult to figure out the short volume on Friday, it was extremely high though. I was watching very closely L2 on Friday and I think besides for one retail buy of 290,000 at 0.004 I think almost all the rest was mm's covering shorts with the exception of a small amount that was actual sold short.....I could be wrong but something very very interesting occurred on Friday. CSTI brought the price up I believe to try and loosen up some shares for him to cover, but then he dropped his bid and for a second the highest bid was 0.003 right away he threw up a bid at 0.0036 to hide the lack of bid support, if he wanted to cover shorts I'm not sure why he didn't bid-whack the 0.003 to get people to sell??????????????

On the other hand, if he wanted to short the stock and then bring it down to cover CSTI and NITE are notorious for buying from themselves over and over while bringing up the ask and then shorting down the bids that come in. I did not see that here, unless CSTI is worried if he does that the buys will really come in and he wont be able to bring it down enough with shorting?????????????

Still not really sure whats going on and why in the fist place is there so much shorting, are they out of their mind? We could have buyout announced any day...

Unless somehow they are reading the fact of the lateness in filing as bad sign for the company hence the shorting???

Just thinking out loud here, wish there was a low volume day where I could determine the short volume better, also the tiny share paints at the days end are not helpful and make it harder to figure out short volume.