If there really was a large short on RCCH why would they not try to cover at an ASK of .0001? And they are not since if they did the ASK would rise very quickly off of .0001. Since we are not seeing that I think the huge short idea seems far fetched and unfounded. Shorts are in this to make money why risk losing what they made driving it to .0001 by not covering? Seems more likely it was driven here not by shorting but by lack of company performance. Was any shorting that occurred in the past already covered? Seems so. Or they are really confident they have no need to cover at least any time soon.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.