The shorts have made a strategic error here (actually more than one, but I'll just mention one)...
We are seeing a stream of new (to this board) aliases passing through on strafing runs. The salient point to most (if not all) of their messages seems to be, ~this stock is dead, sell it and move on~.
The strategic error that has been made is that the shorting has pushed the stock price so low, that it is not really worth it to sell. Indeed, it can be viewed as worth the risk to buy up more shares at these bargain cellar prices. $2,000 (plus commissions) will get you 10,000,000 shares.
Even bd2004 uses the phrasing, ~shorts will probably not have to cover~ instead of ~shorts will definitely not have to cover~. So now that puts a risk/reward perspective on buying RCCH.
What is the probability the share price will go to $0.01? 1%, 5%, 10%, 20%, 50%? Let's say 10% for discussion purposes. Would you buy a lotto ticket for $2,000 with a 10% chance of a $100,000 payout?
What is the probablility the share price will go to $0.10? 1%, 5%, 10%, 20%, 50%? Let's say 10% for discussion purposes. Would you buy a lotto ticket for $2,000 with a 10% chance of a $1,000,000 payout?
etc.
As I said, the shorts have made a strategic error in driving the price down so far. At these odds, the risk/reward analysis says it simply is not worth it to sell the stock.
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