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In other words, it may be moving profits overseas in an effort to game the U.S. tax system. This might explain the $68.5 million "loan" to its Singapore sub that Gotham focused on.

Thanks, Spinach. This is the essence of the Dutch Sandwich or Double Irish scheme. Perhaps there is also a "Singapore Sling." They are not illegal. But the need to be an accounting wizard to unravel them is why these short attackers can make a case that something untoward is going on. Who is really capable of arguing? The SEC may be investigating, but if they find out it's a legal tax avoidance deal, there isn't anything that they can or will do.

All that said, there is nothing that is going to prevent another short attack. If the shares settle at $12 and move up to $15...boom, $8-13 range...then boom again to the $5-9 range.

Until the situation is fully explained and cleared, short attacks are not only a risk, but you can say with some confidence that they are likely. That's as clear as today's share price.

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