Sure, but getting it down 50% is not that easy. The float is still small, the problem has been lack of buyers. The stock has been slammed before yesterday on what I would consider mediocre volume at best.
The institutional buying never came, so now it's up to other buyers to step in. The crazy thing is nothing at all has changed from the company perspective.
Even if a stock received a "de-listing notice" the company still has at least 3-4 months to rectify the shortcoming. I am willing to bet that was addressed immediately to AMEX after R/S not approved. I applaud DSS management for probably seeing this coming. This thing has many many catalysts forthcoming and if I were them I would clean out also. The good thing is on next climb up we will have a smaller short position (which was up to 10% in June from 5% in May). I think the "purge" was needed either way.
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