Marquee, thanks for your assertation here. As AB has pointed out, and probably more to the fact than me, I believe that the float will stabilize as evidence today and free floating are pretty much locked up. I, understand that there are forces which wish for the SP to go down so they can excercise their non existent shares for a handsome profit. We shall see, but so far, those hedgers seem a bit nervous.
It's important to preface with the fact that news of several BONU distribution channels and national sales agreements and purchase order news has propelled BONU firmly over the past few sessions. Retail traders have fallen in love with BONU and her potential. There are countless reasons why.
I'm of the opinion that several catalysts are in play right now and investors need to hang on to their shares as every stop is going to get pulled with 2.5 sessions left to go before shorts need to get covered. Financials and news is expected shortly and any further confirmations to the readiness of national distribution of BioNeutral products across the US through myriad industries will set this pps souring into pennies. So what to make of this incredible amount of shares and potential short crisis?
THEORY:
Lets say we're correct and Southridge had their "put shares" contract called. On Dec 11th- Dec 13th- Southridge likely did everything they could to secure more shares- putting out various methods. They would have culminated their contract from the 13th-20th and then would likely have until the 31st to cover the shares.
With the reality that RETAIL blocks have DISCOVERED the unbelievable company POTENTIAL of BioNeutral - and decidedly purchased 250mil-300mil and quite likely has locked the float too.
