This is why the shorts have not been concerned about covering, this was there plan all along. The "smart money" institutions held out to the last minute hoping for the company to pull off a decent deal or create some SH value. The company failed at that and it is getting to close for comfort on the dilution needed front. I am supprised thet gave Lombardo such a chance. Guess they really didnt want to sell down here either but were left no option.
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