GNCC Capital Inc (GNCP)

[di4]

One of my favorite sayings :) What I think that T-trade was today as well as the earlier 15m print is a combo of dilution and short covering.

I think that CSTI starting digging his hole when he kept putting those 5mil blocks up at 4 when vert was letting out some shares a few weeks ago... they didn't cover and...bam- ted came out with that great PR, we flew, CSTI kept his meat hooks in since he was in trouble... they called around and got someone(s) to let go of some shares to help him cover, the noteholder(s)feel they are doing it for the sake of getting these guys out of the mix here... (plus make some friends and a little Christmas cash). So CSTI felt he could short a bunch today and 8,7 and 6 knowing he had those shares to work with and make a few ticks on the cover.

Hopefully it's over with. I can't imagine Ted putting up with either the selling of shares down here or the shorting for long, but in the big picture I think that maybe the insiders see getting the short out of trouble here is a good thing in the long run. But we'll see, anything can happen in pennyland.

Take this post with a grain of salt since it's all my speculation.