IMO, nobody is crazy enough to short a stock trading in the mid-.002s. I also seriously doubt anyone is selling at these levels with the intent to buy in lower.
I'm guessing that several LLEG investors were just tired of waiting for the share price to increase. For investors who first jumped into LLEG during October (during the significant surge in share price and volume)....these investors are easily down 33% to 50% on their investment.
To their frustration, despite recent milestones and positive news, the share price continues to go into the toilet. Over the past 3.5 months, nothing seems to rally this stock. LLEG has failed miserably to build awareness and to attract new investors. Board marks have not risen in the past 3.5 months. Throw in the company's recent dilution, and here we sit at .0022.
"It's not easy being green" - Kermit The Frog