I'm sure this will fall on deaf ears, but I'm making a call to Thu Lee & then the SEC!
Don't know that it will help, but orchestrating short sales & buying to cover previous ones can't be allowed under any interpretation of the rule book. I've seen stocks get hammered...but never ever like this!
C'mon now. What are they going to investigate? Are you serious? A stock price under a penny means absolutely nothing to the SEC. Good luck with that. The ATF and FBI would be more concerned about these companies.
I'd be willing to bet my whole knot that they are putting shares for sale short....buying those to cover but in essence continuing to short. Not covering anything but keeping the positions alive. Only way this can happen....ONLY!