Nearly 30M shorts were opened last week to yesterday alone based on shortman. Mostly at low 40c positions. It's possible that AGM could be the trigger for a breakdown. After all, existing shareholders are voting for their own existing dilution (via performance shares, options, etc) and potential future dilution (through initial consolidation of shares)
The lowest pick is still 30c which was one of my original post in GXY.
GXY Price at posting:
42.0¢ Sentiment: Sell Disclosure: Not Held
