Suezia, it's already been 'hypothesized' who is still shorting.
The old saying is, what usually makes the most sense, is usually the case.
LGB was given 2M restricted shares. As restricted shares, he can't sell any of them, which doesn't do him any good if he needs/wants $$. However, he can short-sale them...all 2M if he wants to, and then cover the short position when the shares become unrestricted. The pps is irrelevant when covering.
The upside to this is that S/H are sometimes getting shares at prices that they might not normally be able to get. The downside is there won't be a short squeeze, since LGB won't have to buy open market to cover his short position. It's a wash, so to speak, but one that is much better to occur at the bottom side of the equation than to occur, let's say, when the pps is $1.00 and LGB dumps 2M shares at once.
If this 'hypothesis' is correct, it would also lend great creedence to why we still flounder below .25-.30.
to make a million bucks over night" 
