Agree Van....I would believe the "Canadian Bear" (short in the millions), would do anything to keep the stock under $2 long enough to delay NASDAQ listing. In retrospect, I should have guessed that this would be the time (company earnings and blackout period)in which to sabotage the "4 months of trading over $2"
1. If we close below $2 too often, it can delay that...(but how often?...dont know yet) IMHO..this suppression is the main reason for the pullback - (but seen as temporary).
2. DSNY insiders and employees are in a Blackout period and can't trade the stock two weeks before or after earnings, except for our employee purchase plan trades. So any effort or interest by them in buying the stock to keep it over $2 is neutralized. And if anyone knows the value...they do.
3. This 4 week blackout period would be the perfect (and has been) to drive the stock down and hold it under $2 if possible. We are in the middle of the period.
I see next week as the crunch week to keep it over $2. Notice the short was at it again with 5.5K shares on the ask at $2.00...tying to cap it under $2.
We should expect a strong market reaction when DSNY launch's its cloud service, expected just after Thanksgiving.
I will continue to do my part in taking advantage of the sellers. (lol)
