RE: Little birdie told me somethingWith respect to the increasing short position, the "adjustment" of the financing conversion terms probably created a better short spread for the participants. I don't think the increasing short position means anything much more than that, Saxondog. It is not a comment on the stock, it's good business. On the downside, it means there won't be too much of a short squeeze if the stock moves up because the shorters are already covered by converting the debentures.
Could be wrong but a million share short position on a float this small, on a stock where timing is really the only variable and the ultimate share price is far more likely to be high than low, well, that short position doesn't make much sense except in the context of the financing.