InvestorsHub Logo
Followers 4
Posts 249
Boards Moderated 0
Alias Born 11/08/2010

Re: LouisDesyjr post# 12450

Friday, 06/28/2013 2:47:38 PM

Friday, June 28, 2013 2:47:38 PM

Post# of 46535
You don't understand because you listened to joe natural.

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