Jack, the short squeeze is a good theory, and only a theory, but very doubtful any will have much effect, look at the average amount of shares traded over the last month, just a few thousand dollars a day, covering that will make little difference. All those people that have hundreds of thousands of shares purchased during the pump are looking for an increase so they can sell which will in turn drive down the price. And with such a small interest in this stock, no one buying, those investors will have an impossible time getting rid of their shares. Really, with no production until ??? who would buy???
Just because the financials will be released is no sign of any strength, remember since the first 10K came out it has since been deemed unreliable, which means the next audited version will be worse and the quarter report overdue will be worse than that. With no production until ??? and a new company forming, I'd keep an eye out for the IPO of the new company and hope current investors get a good exchange if they merge,and which company will be the subsidiary of the other?? if not and they remain seperate companies, CPOW's future is in question as to just what it will be doing. If seperate, and Mr Shenher CEO of one and COO of the other, I doubt the investor will be number one, expect gross conflicts of interests. Anyway, watch for another mass emailing if the two "companies" combine. But I've already posted who will profit from that move. Have a great week.
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