Peaked at 10.43% on May 6th then dropped by 300,000 on May 7th reporting and we jumped to $1.31.....
No further data and the price jumped to $1.46 on the Thursday with 4.5mil traded. From then the price remains the same till a halt....let's argue ALL 4.5 mil was bought back by shorters that day.....that still leaves 67mil and change to be bought back. If there is any sort of price skyrocket those shares will all be called back in pretty quickly so those that own them can cash in on the price jump about to come. It is a self fulfilling explosion!
If I'm a shorter I'm pretty concerned right now unless I got out on the 8th, 9th or 12th......I'm gonna have to buy shares to return to someone in vast quantities who understands that they will be able to sell them for a big profit on this short squeeze in the near term!
PNV Price at posting:
$1.46 Sentiment: Buy Disclosure: Held
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