If the warrant holders are the short interest, then it is not true that they have to buy back on the ask. If the warrant holders are the short, they sell, convert and cover with converted shares. There is no buy back on these short shares. The converted shares are the cover.
And to top it off, they cover and have shares left over thanks to the falling pps and increasing number of shares received at lower pps.
The 5m new shares per day doesn't account for the 15m share volume, but there are some crafty folk about. It may be found that they are simply trading amongst themselves to give the impression of liquidity.
Something heinous is afoot IMO and the intraday bounce watch/play is out of the bag at this point. It's going to be trick to take even 10% on the dip and rip with every scalper on the planet watching.
This isn't a buy and hold overnight IMO. The $400k/day selling and parabolic OS increase says it's a fools game to play, IMO...
GLTA
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