I don't have a issue with IR writing "not weeks, but months" or something like that. Seems normal & logical and not all that earth shattering. When DMND started to blow up a few months ago, I thought about buying some 30 calls (when DMND was sub 30). I was considering the Jun exp, since I figured it would take "months". No one should be surprised that this exercise will take some time and that's why I don't beleive IR was saying anything that was material; just common sense; something that is occasionally lacking around here (this last statement is not directed to you). Cheers.
The only rationale shorts would hold their position is if the books are not only cooked but corrupted with fraud. If it's just a case of moving expense around, not really an issue. But if the balance sheet is compromised to a large extent, we have troubles.
In other words, shifting money from one pocket to another is immaterial. But if there is less money than stated....
This latter scenario rises to the level of Enron. I don't think that is the case.