Short position is still around 6.5M....
the maximum upside left for a short seller now is from 6.5c down to Nil: this is $422,500
Given a majority of the stock was shorted around (say $1.50 per share)
that is a whopping gain of ($1.5 - $0.065) x 6.5M = $9,327,500 ( are they really confident of another $422k)...
We will only know the true bottom of this stock when the short sellers cover....
I am afraid this one is gone people.... Unless we have a change in CEO no one will touch this stock again.. no matter how big the potential is...
IMO Gill should resign...
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.33M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |