So Dart has been smashed by ongoing and aggressive shortselling. It's now trading way below any reasonable valuation of the company and continues to go lower because the shortsellers have complete control. Any substantial buying has been washed away by a tsunami of borrowed shares.
What would it take to turn this around?
So far the shorters have been prepared to dump much larger volumes than buyers have been able to buy.
Thinking out loud here ...
Does it just require buyers to take up the whole 42mill (or whatever they are playing with) at the crazy prices they keep dumping them and drive them to buy back and cover?
About $8mill would go a decent way to mopping up the shares they use. Is this something the company should look into, to help regain shareholder value and the company's ability to raise cash? Would it be appropriate?
So Dart has been smashed by ongoing and aggressive shortselling....
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