RE: Short positionI think that more of the folks who took up the January financing shorted just before the stock could become free-trading. Hard to say when or how they'll all cover. We could see more shorting because the participants are under no pressure to convert the debt to stock so time isn't a consideration, just price. They know they can cover easily if they short at current prices. I don't think there will be a short squeeze no matter what happens and I don't think the short position is an indication on the part of the larger market that the RVX share price is expected to drop.
For the shorters, they have a guaranteed 30 or 40 percent profit if they short and cover after conversion. If RVX is the big winner we expect then they have their warrants for the home run. So the short position could go up or down but I'm inclined to think down after May 15 because it's rare to have such a high percentage of investors adopting the same strategy. If it goes up then there was a short placed against over 50% of the financing. We'll see, I guess.