It appears to me that Hyperion has created a nice little trading range in order to cover its short position (e.g. load the Ask at .24,.25, .26, .27 and load the Bid at .20, .21) Retail units forced to sell below the stacks and stacks of shares offered by Hyperion at .24 through .27 while they just sit and pick off the retail guys one by one. This way they don't have to cover their short postion into buying strength and it doesn't cost them a thing other than some admin person messing with the board all day. I think they had about 12MM shares short, so, if they are able to cover 1MM a day in this range it should take them roughly 12 trading days to get out of their short positon completely. I think they started covering on Thursday (right after they announced the deal at $0.21,,when the stock was trading at $0.26-$0.28) of last week, so, around the 15th they should be done. THEN...they with the stock price so depressed from the way in which they covered their short position, they announce a new equity deal and go long for the next few months. QUITE SHARKY OF THEM.
