Going against the PIPE idea is 1. the low number of people shorting the stock. Anybody privy to this would be expected to take a short position. 2. The upward trend in SP in a skittish market. My assumption is that information about a PIPE would leak (bad pun). In anticipation of a PIPE, I'd expect an increase in people shorting the stock, and a sell-off by anyone in the know.
The total # of shorted shares as of 11/14 was 52k.My memory isn't the greatest but I don't remember that small of a position in many years. I was given a hint a while ago that there might be a surprise along the beaten path to what we are looking for $$$. In the back of my mind I seem to remember that there is a planned meeting with European regulators this December.Maybe just maybe we are waiting for a decision from them before fireworks start.ADHD??? Would anyone now the date of that meeting?? Well Dec starts monday. Enough time to go to work on thanksgiving dinner. Just remember eat slow and enjoy the day, Andy C.
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