Box short hedging is used on exchange stocks, not OTC pennies. You can not legally short this stock. Any shorting is done by market makers to fill large favorite clients orders at lower prices.
When it goes off the SHO list, it means these favorite clients have been done accumulation for some time, the M&Ms have manipulated the PPs lower, from that point, to cover and all's ready for the next move.
Early NOV the PPs reached the double bottom point. Where it should have bounced around the 9th or 12th. I'd say the accumulation lower started with naked shorting Otc. 30 to Nov. 9 and instead of running as it should, the M&Ms took it down to cover their naked short positions the created, selling shares they didn't own in the 2 cent area.
Now that that manipulation round is done, and the volumes created to accomplish the favorite client close, has stopped. It should see the retail wants full filled. As the M&Ms help the client sell their accumulation higher.
IMO it's just the matter of when? You can see, 3 days ago, the volume reached below 10 mill and yesterday it popped to 18 mill with retail buying it higher. Today back to under 10 mill. Looks like some testing was accomplished, into the week end.
Now they know they can get retail interest back at will. But don't want to run it on the last trading day. So If all this guessing bull plays out. Expect a profit run next week.
Hopefully! LOL
PS: if the VCs were dumping the converted, and diluting the open market, causing this decline. The stock would NOT have gone on the SHO list!!!! So all this Cornell is killing the stock stuff. Doesn't make sense!!!! Highgate did the first climb and Cornell will do the second. IMO
IMO the VCs have been holding the converted, accumulating more open market and the will take profits, selling into a run. Not take profits as the dilute and lower their profit margin.
I know many will say .001 to .01 is enough of a profit to cause them to dump. I say thiesr greed is larger then that. The took it to .065 That more like the greed level of these guys. IMO LOL
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