As we all know since March 15 newsletter from the CEO about the shares increased, we do not know of the feature of the shares. Were they restricted in some shape of form?
It's clear that the company is trying to get the shorts to pay up. It also knows that it's at a center of a revolution in the market. It is under a spot light in financial and legal world. I believe that the management will be smart enough to make the move that will show how corrupt the current financial system is. At the same time, i will make a big sum of gain in the process.
Someone mentioned $1 a share. That is $5 million plus dollars. That is very low considering what is going on with this company as a posterchild. This company has few assets and projects going on. As far as valuation of those projects and properties, I don't know. But $1 a share, I think "sure why not?"
Now, around 150 millions traded in four days after R/S days while shares were 1.1 millinos through out FEB. Tell me that is not a bunch onf naked shorting going on. Now adding that one person bought all 1.1 million. I am sure there were many more people out there who bought 200K, 500K, 750K, 1 millions and have been quiet about it and still holding.
Giving that all shares out standing so far beyond 1.1 millions are not restricted and out in the market, Do I think all naked short shares are covered? I don't think so.
Now if the newly issue shares are restricted, this is the fun begins.
As I understand, those two guys filed with SEC. Their shares will be locked in for 1 year. Now you draw your conclusion.
Obviously, someone wants Dateline Stockgate delay and delay. This is to buy time to cover and soften the blow. It's sad that journalists are giving in. What happen to their profession?
In any case, the talk about Naked Shorting and DATELINE postponing has been spreading like wild fire. Relatives, Friends, Coworkers are now aware of STOCKGATE/NAKESHORT/DTCC/SEC. Many links to read up on the issues are sent out so they can get more knowledge about the issue. Soon enough, things will break out. Public will demand the answer.
I am sure that those law firm will make noise. USXP case is now will be heard. Politicians will be contracted day and night to look at the issue.
DATELINE is definately an disappointment of the year. But when you put a dog into a corner and they have nowhere out, they will fight back hard with everything they got. I believe that investors and small companies who are the victims are getting to that point.
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