This is the first time I have seen a shorter prepared to sell shorts at a $12m market cap. Their upside ( lower prices) is very limited. Then there is the cost of borrowing the stock and continuous access to the borrow. Further, why would they start to short after the company announced some break throughs in markets with enormous potential ( China, South America, Australia and Europe). The only thing I can think of is that they expect to be able to cover their short with a cap raise. This type of insider trading is more common than you think. I hope if they are close to a CR that they allow loyal share holders to participate and not reward this shorter with a private placement.
WOA Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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