If they don't expect to be profitable in 2012, I'm not sure why so many of you seem to think the shorts are in trouble. Institutional investors don't flock to companies that are consistently losing money quarter after quarter, with positive EPS several quarters away. In fact, smart shorts will let the scared shorts cover and drive up the price, and once that buying dries up, they will short it back down.
stop excusing the company for poor margin execution. It doesn't make sense to grow the business just to burn more cash. They will have to show sustainable profits pretty soon otherwise they will have to tap the capital markets again maybe as soon as the second half of FY13 - this would be the third time in 18 months. I doubt they will find buyers this time then.