And the evidence of this is where? Did they announce that they filed for listing this morning?
I bought and held for over three years but recently sold half of my shares because I'm sick of the volatility. I'm still deciding on what to do with the other half. My initial investment is out.
I've been in touch with management, but they haven't provided a response yet. My last discussion with them a few weeks ago indicated that they have no debt and they should be operating in the black soon. So that recent SA article (which failed to mention Stellar's other relationships like Amaran and Bayer Innovations) didn't fairly address the operating capacity. In fact, they were VERY careful to say "The company APPEARS to be operating far below its capacity, and has reported net losses of ($14.8M), ($5.1M), and ($3.5M) for the past three years." If they didn't say "APPEARS," they would have opened themselves up to a law suit. So it APPEARS that the article fulfilled its purpose IMHO. I think we're going to see in the next financial report that Stellar is operating in the black...and the trend, as noted in the above quote, is certainly in Stellar's favor. That's my opinion.
If Stellar will show net gains instead of net losses in their next report, these short sellers are going to have a problem. I also note the fortuitous timing of the report. How many shorts got hurt in the recent violent upswing in share price? What is a short to do when he's bleeding red? Write a Seeking Alpha article, of course.
We'll wait and see what the next financial report has to say. In the meantime, I think the stock got way overbought above $2. It wasn't ready for that extreme and had to pull back. Somebody took advantage.
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