BioSante Pharmaceuticals, Inc. (BPAX)

[Just the facts maam]

Pete, regardless of the percentage of shorts they will want to cover as the pps starts to climb. Last time I looked they were looking at about 8 to 9 days to cover. But that is not an exact science. If much of the volume has been funds selling back and forth to each other it may be artificially high. If so it could take much longer then 8 or 9 days to cover.

It all comes down to supply an demand. The greater the news, the greater the demand and since people will want to hold onto their shares and new buyers will be attracted. There will be less supply which pushes the prices even higher.

Ironically management has given them a window to escape, by giving an approximate date of the announcement on Libigel.