"This is where the share price of a stock gets totally out of whack to what its real value should be. Smart investors jump all over these types of occurrences and short the stock, this is where the big money is made if you get it right."

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I disagree about where the "big money" is made. Here's the difference between going long and selling short:

Long: Take an initial investment of $60,000 and buy Noront in August for 0.40. When Noront hits 7.00 in October, sell your position and you have $1,050,000. Big money, right?

Short: Take the same $60,000 investment and short at $7.00. Suppose for some insane reason Noront's share price goes back to its original 0.40 and you cover. You just made $56,571. Is that big money?

The difference between long and short selling is when you're long $60,000 can turn into seven figures because the share price can rise 1700% like Noront did, but no matter how high a shareprice rises, no matter how "out of whack" it becomes, the share price cannot fall more than 100%, which means if you short sell it is mathematically impossible to do better than a double.

So where's the big money?