Shorts don't have to cover if they think company going under. So there is no guarantee that 111M shares will be bought back.
We are up 1$ from intra day low of 15.6 yesterday. Market is expecting some news on debt or CEO or move by Carl. 18 by end of this week. This will move upwards so fast that shorts will be running to cover their AS***
looks like they are soon going to announce additional funding/line of credit facility.
before 3/31, additional financing will be in place or debt will be restructured. That is priority #1 to get stock above 20 again.
ya that is why CEO was fired???