Replies to post #6461 on Endeavor IP, Inc. (fka ENIP)

[stcks4prft]

That's a 3mil increase in O/S from last time that went into the float this morning. But that's 3mil out of ~12mil traded today....

[skichic]

Nice. IMO Naked shorting is the main reason ENIP is below .01. Since January 15th when it went below .01 there has been a total of about 240 million shares traded, peanuts for a sub-penny stock. Some of those were dilution, 50 million or so, part of the rest naked shorting by MMs when they saw the dilution was going to happen, I am guessing 100 million shares or so. If I'm right ENIP should return to .01+ without to much problem, especially if we see decent financials and/or news.