![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, June 28, 2013 2:47:38 PM
As I pointed out a couple of months ago, the groups that did the financing deal wanted the share price down to the level that yielded them the most shares ( 20 day avg -- or approx 32 cents ). Did they short shares to do this ? Yes but how many is the question. The reality is that they got a little lucky with Activision' s motion for summary judgement AND the postponement of the Markman hearing. With these 2 events happening along with normal profit taking, who knows maybe they only had to short a few hundred thousand shares to keep it down here.
Now lets say they convert. Who knows, maybe,they like the story and are going to,hold absent covering A few hundred thousand shares.
The truth is the floor less convertible debenture that Joe said existed, as I pointed out, was NOT the terms of the deal. There were Restrictions.
Personally I don't predict stock,prices ( it should only be judged on mkt cap anyway). With Wddd's response to Activ's motion and a possible surprise , we might see a significant improvement in the market cap
Recent WDDD News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:47:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 12:00:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:30:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 06:34:14 PM
Peer To Peer Network aka Mobicard™ Launches AI Investor Chatbot Boosting Engagement & Lead Generation on Ihub • PTOP • Jul 15, 2024 8:30 AM
Greenlite Ventures Announces AI Integration into No Limit Platforms • GRNL • Jul 15, 2024 8:00 AM
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM