True. Even with the downward movement, most of it is due to basic short selling. Roughly 35-40% short interest this week alone. I'd rather see that then see people just blatantly selling off their shares. At least shorts have to cover eventually.
It all comes down to Rooney. He's either full of BS or he isn't.
That's what shorts are betting on.
Although his history has shown he is capable of misleading investors, which provides fuel for the Shorts, I believe he is legit on this one.
I don't think he is dumb enough to repeat history. When I talked to a SEC Rep before the Nasdaq Market announcement, he said everything looked legit with the company and with Rooney. He's on their radar. He knows it to. Everything will be by the book on this. He already messed up bigtime by talking to biomedreports. I doubt he'll make another ill planned move.
Additionally, this stock is loaded with people with their fingers on the 'sell trigger'. People that would rather make a quick $100 in one day rather than a $1000 in 2 days, so to speak. Logical? No. But that's the OTC for you. It'll take massive and sustained volume to get this back past .16 and keep it past .16
It'll happen when it happens.
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