Naked shorts forcing an RS which allows more naked shorting. Eventually company gets delisted from Nasdaq and a forced BK due to restrictions on raising capital. So, RS is out of question, unless they want to go bankrupt, which I doubt very much. Last week's PR confirming positive Adjusted EBiDTA was to start driving out these shorts. I'm guessing they will follow-up with better news every day in some way or other.
A reverse split will be what will drive the shorts out of this stock, for better or worse. When the stock is say, 2 bucks and moves a penny or 2 a day, the reward to the day traders, swing traders, whatever, disappears. If this company is going to have a chance to survive, I cant see any choice but a reverse split.
For everyone who wants to believe that this stock is going to a buck or 1.5 or whatever, I cant see it. Just because you are buying the dream of a quick zillionair, doesnt make it so. Plain and simple, if the company was worth a 1.50 it would trade at 1.5 with or without the "longs" or the shorts. Its were it is because that is about what its worth.
I don't own a single share. I am considering it. I am going to see what next week brings. Candidly, I am a bit chicken sh** to do anything much before earnings.
In the interest of full disclosure, I got my head handed to me on EXM. Bought at 72, should have gotten out at 76 and am holding at 4.5. There ya have it.