I don't see a pattern of denial with ANY. But I do see a pattern that is downward sloping from $10 to $1, and an upward pattern of a debt pile that's gone from $0 to $45M, and a share count that's gone from 16M fully diluted to almost 80M. And a retained earnings deficit that have gone from $0 to -$66M.
IMHO shorts are not in the denial phase, they are in the backslapping cigar-smoking, champagne-drinking hooting, and hollering stage.