Why if you were short; based on your post; would you want to initiate a long position prior to Monday..so late in the day?
Especially if the stock could get delisted then.
Also with 85% of ownership in the hands of institutions (maybe not after 7 million share day) - do you think that is good or just wishful/hopeful thinking on their part now.
There is a reason this went from 1's to 30's from 2002 to 2005... hmm.. a lot of smoke, but appears big enough fire that a lot of firing/resigning took place. Maybe the board can extinguish the fire, i'll watch, but not gonna put my wiener schnitzel out there.
Out $6.55 Screwed on both sides in about 20 minutes that's not easy to do. Extention is not until end of Sept as company requested, not delisting while they continue to review request. One to still watch, if they don't get delisted they should pop big. Huge short position.