I believe that we saw a Bunch of SHORTS getting covered on Fri. There are 3 scenarios that I can think of that caused this. 1. There was enough buying in the AM to trigger the Short-covering. 2. Cornell was informed that Michelex has secured it's Financing and Cornell is going to be getting their $500K that is owed them by Michelex. or 3. Cornell GOT their money and Triggered the short-covering. Personally I think 2. is the one, I think someone Informed Cornell Capital that Michelex has secured it's NEW FINANCING DEAL and will be paying Cornell shortly, well Cornell knows that Michelex will be PR'ing this news soon and now would be the best time to cover the shorts, I doubt that they covered them all, they probably covered half or better and are waiting to see if any longs are going to take what they can after waiting months and months, if US Longs keep holding tight our shares, then they will eventually finish covering the rest of their shorts, because if any longs bail out now, that will keep the share price down and they can cover cheaper, remember they have more patience than we do most of the time, they will wait till the last minute to cover usually.
