The spread usually widens just prior (days) to a short squeeze run. If you are familiar with DIGX AND ICIX, this was a similar situation where icix owned like 85% of digx yet was valued at a huge discount. Debt load was massive and there was a big, big short position. The shorts got squeezed in the run that did materialize yet, in the long run they were right and the take under sank the stock, along with the huge debt and poor fundamentals as well as idiot management. This all reminds me of the ucoma situation. I believe there will be a squeeze soon followed by the news of a take under.