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mrfence

10/07/10 2:02 AM

#131075 RE: gobsmacked #131070

Yep, 4 trading days left for shorty to cover BANI/D.

shorts running out of time?

It was .0001 x .0002 less than thirty days ago and is trading way under that now on post (1000 to 1) RS followed by heavy naked shorting.

Reg 3210 is an SEC flag specific to naked short positions.

LOL, just when you thought .0001 was a low as it goes.

I hope it still qualifies to be posted on this board?

In the end the company might actually have good things coming after post settlement on Friday. That's when new issues are promoted. We'll see.

Regardless, Shorty has until Tuesday to "consolidate" his position.

Estimates range from minimum $50k to $300k cash position unsettled on hundreds of mil shares dumped.

It's hard to imagine anyone dumping enough for shorty to cover here.

Noone, including the company and legal retail shorts, profits selling this issue @ this level and further naked shorting by MMs is halted by the 3210 status.

I've been accumulating the airshares since the flag was raised as shorty trades them down to entice selling volume in order to cover. It hasn't worked. Little volume since then and pressure is building.

Yep, I expect very good things to come from this play and it may turn out to be a long term investment too.