True but these are naked shorts, about 150-300 milion.
I don't know if there is a margin call on them.
but you are right the starting point is .40 cents and the action will not take place tell about .45 or higher.
Now some will begin to cover from now tell then, and some will begin to pile on more!
But I would say the panic will be about .45 and if it starts in the morning, it could run all day taking us to unreal heights, could even see $10 but more likely $2-3, a lot of if's are involved!