InvestorsHub Logo
icon url

Gold Seeker

10/09/09 6:21 PM

#23392 RE: HALF FULL GLASS #23389

Half, if your friend assured you that Smithline was not shorting the stock, where would he get such information?

FYI, Smithline could convert his notes anytime he wants to at 14 cents. There is no incentive to do it now other than to sell the shares or cover a short position.

Smithline has also shorted this stock before. Moro has even stated Smithlines short position in the filings several times and he has shorted into every news item when the stock was above his conversion price of 60 cents. Now his new conversion price is 14 cents. If anything pushes the stock above 14 in the coming weeks, you can expect Smithline to be shorting the stock again.