LOL, everyone always wants to blame the shorts, but there are none, well almost none. As of July 31st., there were only 67K shares short. Don't believe me, see link. Many don't understand that in order to short penny stocks, you have to have the right broker to start with. Interactive Brokers will allow you to short penny stocks. But, it will cost you $2 per share security deposit. So if you want to short a million MINE, it will cost you 2 million to do it. You will get the 2 million back when you cover if you don't lose it all should the stock spike upwards.
So, if not shorts, then what? Selling and dilution and it isn't going to get any better. If this stocks takes off with news, smart traders will be fighting each other to get the hey out. That means....MANY BAG HOLDERS TO COME!!
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