I am told Larson has millions of Preferred shares that can be converted into common at any time. I realize that people have stated a buy in is imminent, but don't be surprised if that doesn't happen. I hope there is a short squeeze so I can recoup some of my down position on FLRE, but I don't think Larson and Glover will let that happen to any of us.
Glover gives out stock like people give out candy on Halloween-if his historical penchant for diluting the stock for no consideration (see Bigbiz.com, Greed Capital, Larson, etc.) and sticking it to shareholders repeats itself, any potential short squeeze would be nullified.
I find it hard to believe market makers would short a 1 cent stock in their trading accounts. What's their upside versus their downside? If FLRE (by some miracle) announces a contract that would lead to revenue and earnings, market makers would be crushed with unlimited exposure. How would they explain that type of loss to management? Risk versus reward is usually their thought process.
More likely, these shorts are being done by individuals, probably off shore, that know they can cover. I think that's more realistic and makes more sense.
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