With short interest over 1 million up to May 31st I think its reasonable to assume that thoughts of participants in the share offering....that they are likely behind the big jump, from 300 to 400K and now from 400K to over 1 million.  

The consensus opinion has seemed to be that there are likely players who've bought into the units at $4 who sold short with the plan of covering off their short positions with the share portion of their $4 units and then to ride the warrants....or maybe even dump the warrants if they're trading high enough to net out higher than $4 and make some bank.

The next update should be out on the 20th, and will include short sales up to June 14th (the 15th is a Saturday)....if short interest does make a big drop then I think that will be evidence that it was indeed offering participants who were (by and large) the short players.  On the other hand if short interest stays high then it opens up a range of different possibilities.  

One thing I haven't seen discussed....perhaps it has been and I just missed it.

Could the company be accelerating the adjudication, follow ups and everything that has to be done ahead of DBL in order to get Top-Line results out earlier in the 2-4 month window rather than later.  After all, the loan was only extended to August 4th and the far goal post is August 18th....

Happy Sunday all, looking forward to next week's trading and hoping it provides some clues.