Yes, exactly. I am of the opinion that the best defense in this scenario is an exceedingly aggressive offense. The shorts squeeze you, you squeeze them back twice as hard and make them cover. If they cover enough of their position it will no longer make sense for them to linger and try to "spring" anything on the company. They are forced to move on to a weaker host. Then CCME can get back to business as usual, which is making a boat load of money and exceeding everyone's expectations for growth and profitability.
I also believe that aside from getting rid of the downward PPS pressure created by the short interest, this would also help attract more institutional investors. They are all out there looking for the best ROI and CCME fits that bill, however looking at the current short position has to be a major red flag and turnoff for many of them, especially with all of the allegations in the CGS space.
If we see a meaningful divi and a buyback, in my mind there is nothing more to keep CCME from a clear run to the low $20s. For crying out loud, let's all just get rich already!