What the shorts have been doing is short-cover-short-cover-short-cover.
The key take away is there's been insufficient buying support to keep the shorts at bey. It's a vote of no confidence.
That should tell you that the market recognizes this stock as ripe to take down, based upon its lack of fundamentals, losses past and future and what the near and intermediate term prospects are.
All the kings horses and all the kings men can't put this Humpty Dumpty together again for years and years and years.... despite the past and coming promotional statements.
They company has failed to perform and now with the dilution coming via a doubling of shares to a billion, the Bulls can talk this one 'til they're blue in the face. .... but I'm pretty sure there's nothing left for them to do is a R/S; which BTW rarely works with companies that have no perceived improvement in their P/L for years.
Could get a DEAD CAT BOUNCE AT ANY TIME though. I'd be a seller into it.
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