Short Short Report

With slightly over a quarter million shorts out on the bi-monthly short report, we are at an all time high of shares shorted. This comes up as a 3,331.48% increase over the last report and nearly 100K more than our previous high of 167,463 shares short last October. Last October still standing as the month with our .0062 all time low.

Although a large number considering our brief history, it is $2,653.22 worth of shares at today's close at a penny. I figure this is a long who is hedging a portion of his shares - not a pure short at these low prices. The "upside" (fall in price) is so small, and the risk of having to cover at a dime would so outweigh the benefit of any drop from a penny.

Again, before anyone gets their shorts in a bunch (too late?? lol), with today's volumes, the shortee in this case could not really affect the price long term even if he had to cover quickly. The one important thing to keep in mind when you see a quarter million shares shorted in GERS land - not everyone is looking for the pps to go up.

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Additional Information is at these links
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=GERS
and
http://www.shortsqueeze.com/?symbol=gers&submit=Short+Quote%99

Good Luck to all Investors
SkunK