The only chance they have is tomorrow IMO. They will either have to cover at current prices or continue to sell short and keep it gapped up to force weak hands to fold (impatient flippers and day traders mainly). If they wait until Friday, the buying pressure will have them in a corner.
Then next week, news will drop and they will have no choice but to buy higher forcing the price to rocket north. Due to these conditions, prices like .01/.05/.10 are not far away IMO.