I tend to agree - I don't think it is naked shorting either. I think it is the wash trading going on and selling back and forth to each other, and the new longs are jumping in when asks are flashed and timing it when they can, to grab whatever they can.
We'll see what the new short position is soon, and perhaps the reconciliation of TSX.V shares. They might be covering what they can, but at the end of the day, it will be mouse nuts compared to what they will still end up having to cover, which will not be coverable without a great deal of pain.
Again - with this parade of PR's, and clearly some serious revenue being set up, the spring is winding so tight on this I cannot imagine them getting out alive.