If that's the case, the short covering alone would drive this into multiple pennies.
I've seen it happen before.
See, what's going on behind the scenes might just be what wallwizz said, secret handshake deals, etc., stuff we don't know about that might be ready to send this sucker north in a freakin' hurry.
The stock has obviously been shorted, it has come down from .02!!! And the O/S has not increased significantly since then (per your conversation with the T/A), so if the current price is not a result of massive dilution, it has to be shorting.
All I know is if a PR comes out on Monday, some MM's are in for a rude awakening.
"Two things are infinite, the universe and human stupidity, and I'm not sure about the universe." - Albert Einstein.