You may be right.

I do now think it is more probable than not that there has been short selling of this stock ..of the naked variety.

Unless the shorter(s) have unlimited pockets I am guessing they will start to cover their short position around these levels. Of course they will try to push sub penny, that has been their goal all the way (as evidenced by Rocket's posts).

But they will need to be carefull ...I know lots of potential buyers are looking to get in at these levels, especially with massive short squeeze potential.