This is textbook, except I would have expected even a higher short interest (could it be those numbers are delayed by a few days?).

Steve, I don't know if there's any panic to cover - you short at .45, say, you buy the offering at .36 per unit, so now, let's say, you own 250,000 shares long and you're obligated on a 250,000 share short - no need to sell, you're neutral, and you can sell when it's most convenient.

The whole idea was to make a little money on the above transaction, have the two balance each other out, so no risk, up or down, or combine the two positions (likely in different accounts, or they might have merged already), and eventually you have one annihilate the other like a couple of atomic particles, and, what's left - 250,000 warrants, good for five years with a .52 stike, a lot better than the deal the new CFO got!!

We're dragging the whole thing through the dirt again and getting upset, when it's absolutely par for the course, and so no reason to get upset once again.

Speaking of Mika, they owe him, I'm sure of that. The only reason his warrants were priced like that is they didn't want to be responsible for strokes and coronaries among members of this board as a result of a .40 strike price!!!