penny_ta, and forgive me for sounding like
a broken record, but I left another message both with the company and t/a this morning.
O/S again confirmed at ~1.9 million. 2-2 still listed as their last SEC filing.
Here's my take on it now that time has past. MM's used SHO to their advantage saying they will purposely remain short in this stock, regardless of what the true o/s is. They figure they have 13 days from being first listed to cover and they are betting that GLKCE would dilute by then. Remember they make money by shorting because they have the control and call the shots (name the price of each trade and the b/a).
So in effect they are saying, we don't care about the reverse split, SHO allows us time to trade as many shares as we want.
Only my opinion but it's as valid an explanation I can think of aside from some quiet issuance by the company that doesn't go through the T/A.
Bo
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