Livinginstyle, I must say that in general what you say is correct regarding most penny stocks. You will get no argument from me regarding shorts except I heard it was $2.50 but we're splitting hairs on that one. However, you are referring to retail shorts while I was referring to institutional shorts. Assuming they have to pony up the same amount, they would be in a better financial position to do so. It would also have to be worth it to them. So, my stance is that Asher shorted this stock within the 10 day time period to convert all the while not planning on being paid in cash but being able to convert shares. This not only gives them the most shares possible as they would have converted based on a 55% discount of the 3 lowest trading days over the previous 10 leading up to the convertible date but they would have a hedge against a loss as they were shorting at the top. Anything goes wrong, they would just hand the shares over as if they covered. In this case, they were paid in cash and were not able to do so. It was extremely clear on the chart in may/June when they converted before (the double top)and they rolled the dice again. OF course this is my opinion. I know the same old story, shorty gonna burn, so on and so forth. But the trading over the last three weeks shows this to be true. Stacking the ask has been a normal thing the last couple weeks. It almost got away from them on Monday of last week but again, they shorted to get it down. Every time positive momentum starts, they will drop it down in seconds to try and prevent a run. But then a funny thing happens, it doesn't keep dropping. They are trading with themselves. They have enlisted at least four MMs to do this and it has been extremely obvious. Now, Im not one who wants to back a scam at all. The whole market sucks and is full of them but there is a real product, a real distributor, a real partner/Consultant, and real investors here. I am rolling the dice as I don't look at this as a gamble but rather, an investment. Do I like that they have spent so much in the last 10 months, of course not. But if they spent that much to receive 10, 20, 30 million or more in revenues, I cant argue with their logic and neither can you. Stating the obvious regarding dilution here does nothing for anyone as we know what they have spent and had faith what they were spending it on. They have shown us nothing but straight forward PR's and now products. I have no choice but to follow them. Any ammunition about dilution is there for sure but I must object to its negativity in its entirety. Stocks trade with retail investors because the company was diluted. That means every stock in the world. Otherwise, there would be nothing to trade. I may have wasted my time telling you my opinion as you may not care but others do and they are at least owed this perspective. If its not for you, don't buy. If you feel like after doing more research and determine that this may be a valid play, buy. Obviously, no one is forcing you to participate. But you coming here only to spread negativity only verifies to everyone here your intentions and therefore, you cant be trusted. I have stated my opinion weighing both sides of the dilution coin and come to my conclusion. You only weigh what your interests tell you to. Bad form.
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