'Official' (not naked) short data on this stock is available on some website I don't remember.
Anyway if they dilute like they are doing now and use the money to pay for debts then they wont enter into death spiral financing. That's why I don't mind current dilution very much. I expect this will end up having a 300M OS when the debt will be payed.
Of course 3 years for the debentures was a short time frame but they expected to start making 3M$ per year from LifeStem beginning in August 2006, in reality they are only starting right now.