Management will continue to issue positive updates and PR. You are screwed if you short this stock at 60. We will be back up there by EOD IMO. On the other hand low 50's is a great opportunity to picvk up some cheapies.
Very risky and expensive shorting penny stocks. Who in their right mind would tie up $2.50 per share in margin fees to risk unlimited losses. Even hedge fund managers aren't that stupid. Why not be a convertible note holder and short it for free?