To be correct, the Feb 2012 was because of "important information" hype, which was the JD? deal that fell through within months for the debt reduction.
I bought as high as 0.055 during that time, some of those shares I still have, making my PPS average still extremely high.
I cannot attest the volume versus shorting issue. All I can indicate is when I sold 650K last year and it showed up as "shorted". Thus, the day after day short reports that people have been reporting over the last two years are bogus IMO. You have indicated a potential number. We will just have to wait and see. Cheers.