First of all, the current trading pattern screws up the theory of a "forced" buy to cover. Slice and dice the numbers any way you like and you still come up with nada.
I personally don't find it that hard to believe that ST may have been about the only buyer in January. After all, most who bought this thing either bought pre-split or the first few days after when it was actively trading. I also wouldn't be surprised to find that most of the OS is held by the last few diehards.
I also think that anyone talking to the company and believing anything they say is being taken advantage of by the conartists.