First, the news would have to be good news. Second, the float is indeed 90% shorted:
Actually you are completely wrong. If it was good news the stock would have been halted, news would have been released and the stock trading likely with in an hour. The chances of it being good news are very slim. Look at the past happenings like this RINO, FUQI, NEP.
Secondly it is not 90% short but getting there and that is not a good sign.
Do you think the smart money is shorts in for 100 million dollars or so and showing no inkling of covering on the last drop or an Ihub board of true believers?