I think the rise of UCAD and GEMM can be accounted for by several scenarios.
1. UCAD is insanely overpriced, and has been ever since it moved up from 3. I wouldn't be surprised if a short position had been building since summer. Shortsellers tend to view the market objectively, and if they hadn't been following this story, they might well have assumed that growing dilution in UCAD--and I'm not talking about the dividend only--would drive the stock price down. They were, perhaps, not taking the, ah, enthusiasm of CMKX shareholders into account.
2. When SGGM made a big move, I believe that some people began to think that the "other" CMKX-related companies might be a good buy. Probably some of these people took positions in UCAD. Since UCAD has a relatively low float, it doesn't take much to move the price in either direction.
3. When UCAD soared, these same people took a look at GEMM and thought it might be a good idea to jump in. And as others piled on, GEMM spiked.
If CMKX were being shorted, the shorts would have been covering since last week. Actually since long before last week, because they've known about the dividends for months. That isn't happening. As I said above, I think there could be a short position in UCAD, and there may be a squeeze underway. If so, though, it has nothing to do with CMKX.
