short number is a head fakeOkay so new short number is about 3.3 million.
Essentially that is just a broker arbitrage and not really john doe sitting on his couch watching tiger at the masters shorting the stock,
There are a billion warrants outstanding at .50. So what a broker does is short the stock at .75 and if it drops to .60 or so he will cover and have a nice profit.
if the stock goes .80 or .90 what he will do is exercise his warrants at .50 to cover the short so there will be no big artificial bump in the stock price when the short is covered.
The company will get the cash to put towards their infrastructure and we all move on with life so in essence it is an artificial short.