Behind the scenes in this business be it in: trading, exploring, company politics or in government relationships or whatever, it is suspected that there is something always cooking in the pot behind the curtain. Have all the shorts really covered? There is no way in knowing this as there is no published report concerning open trades. Since we have all been speculating at the reasoning for the shares falling so low and then on this recent strength, let me join in.

Since the fundamentals have been so well covered, especially by Mark, let's take a look at a suspected technical reason for the recent strength. Could there be a settlement problem at the clearing house which processes Probe's buys and sell? Meaning, could there be added pressure from buyers to get Probe shares delivered from naked sellers which represent unsettled trades? Let's say, the amount of unsettled trades is high, where are the physical shares eventually going to come from? I'll tell you from where, from the marketplace from sellers with bona shares and not paper IOU's. This could account for part of the reason for this renewed strength, naked shorts are being forced to cover.

It is supected that a great deal of the offered good delivery shares are coming from directors using, possibly, CIBC, RBC and Anonymous. This is the problem with paying directors in stock, it's called dilution and eventual pressure on share price.