Wednesday, March 12, 2014 9:05:28 AM
Yet, this OTCMarket Short Sale Report shows as of 1/31/15 there were 541,381 shares short. This OTC Report is as of a set point in time- as of 1/31/14. If a retail trader were to short BBDA that 541,381 short interest would represent more than $1.5 million needed in their account to complete the short selling. The $2.50 per share requirement has been discussed.
I contend that trader, or traders, forgot to cover in time for short selling reporting. Or another market participant type. I can't prove it 100% of why those shares were outstanding to report. But, it shows some big trading account(s) felt BBDA was worth shorting recently, just over a month ago.
So, if I had a short interest I'd do what I could to show BBDA and its CEO is FOREVER EVIL. Wait for news to hit, sell high, and cover into the buyer momentum left.
Or I'd want cheap shares for what evidence I've provided so far.
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