RE: Short interest decreased and it would be the frustrated shareholders selling to those covering their shorts. Many frustrated shareholders here and patience is wearing thin with management's "head in the sand".
You don't need to offer a 7% dividend! Start small and communicate that it will rise over time. A modest 3% is better than ZERO in today's market environment.
You don't need to offer a dividend now, most important to communicate the company will be considering it seriously this fall/winter. This message alone will get investors interested again and they will likely start taking positions which would slowly increase the SP back closer to NAV. I would bet the stock would be back over $6 almost immediately!!!
Most important, if you are going to issue any more shares, don't do it on 60 cents of a $1. Get the SP back to what it is worth and then consider acquisitions for growth (maybe phone WCP's management and ask for some "Strategic lessons" on how to create shareholder valve while still still growing the company. They sure figured it out - don't need much of a brain to figure this out.
Management's excuse: better to invest the dollars into high return investments. OK, this strategy was good in pre 2008, but not now. Most important question for management: what is in the best interests of its shareholders?
If I am missing something, maybe management can explain it on their next conference call -hopefully, but I am losing hope.