Xcite Energy Limited

There is probably a reason for the rise in SP. I would take a guess and say that the shorts must have been covered overseas by the end of the month.

However, I personally hope that is not the case, i hate shorters and how they manipulate any stock, and would love to see them take a bath.

Another thought I just had was a possible financing now that the prices seem to be heading up decisively. Maybe the underwriters of a possible financing need the price to go up to meet terms set out by the BOD, otherwise the BOD would look to do the financing through debt only.

Making some money on a bought deal is better than being shut out, and the share price is being manipulated up the same way it was manipulated down.

Anything is possible in the junior markets these days.

Either way, this is was way overdue.

Andy