Nope, no short squeeze
However, one could have the remaining Shorts which is now a tiny part of the float covering at the recent lows of 0.25.
15:33 0.40 0.40 0.25 0.25 407,065*
08/29/2013 0.45 0.47 0.25 0.40 423,693
08/28/2013 0.45 0.45 0.40 0.40 3,319
08/27/2013 0.40 0.41 0.40 0.41 6,500
08/26/2013 0.45 0.45 0.40 0.40 2,943
08/23/2013 0.40 0.47 0.40 0.40 9,336
08/22/2013 0.38 0.40 0.38 0.40 3,392
08/21/2013 0.40 0.48 0.35 0.38 72,131
08/20/2013 0.40 0.47 0.40 0.42 8,870
The sudden spike in volume are those taking the loss, and throwing in the towel, a month early for Q3? No messing around about it. Just a huge exit in volume, since the tapering off in August, with the resulting PPS dropping.
There's still a huge volume of shares which transpired during the pump run leading up to the SEC suspension back in May-Jun. Hibernating since the trading resumed? PPS during the pump period 2-->5.75. Volume averaged approx 500K per session for just over a month period.
Meanwhile a formal SEC investigation, with resulting SEC litigation to follow any time in the next 2 yrs.
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