Get in on the Private PlacementSomeone from this board once pointed out that if you want some of the pp then phone the company. I'm sure they would be happy to increase the size of it if they have already got 3 million sold.
If you already have shares, dump them at .15 and buy the pp. The downside for me is that you are locked in for 120 days after the pp closes. By then the play might be over. With a short account you should be able to sell within the hold period and cover when your pp shares become free trading.