What people consistently fail to realize with this shorting is that the primary goal is NOT to make money.
Making or losing money DOES NOT MATTER to them.
The shorting is orchestrated in order to TAKE CONTROL at cheap price.
It doesn't matter how much money is thrown at it and how much is lost. It is irrelevant.
Shorting will continue as long as the perpetrators don't have everything in place to take the company over.
They need to have a certain amount of shares so that when the TO offer comes, and AT makes his recommendation to the shareholders (probably not to accept it unless he is in bed with them), these shareholders vote for the TO despite AT's recommendation. And Bob is your uncle!
What we are observing now is a lot of entities/funds getting to right below the 5% mark (no disclosure needed). Make no mistakes, these entities are all connected and work for the same people. When they will have enough shares in aggregate to force a decision (whether it is accepting a TO or getting the CEO replaced), they will action it. And, considering the intrinsic value of the company, the amounts lost shorting will look negligible!
Stop thinking shorts have to cover. They don't!
GXY Price at posting:
$1.94 Sentiment: Hold Disclosure: Held
