Well said Snug.

the latest short positions on SPQ - for those who don't know, it's mandatory for all lexchagne listed firms to report their short positions every 2 weeks.

Net Change Total Short Last Price

April 30 - -35,000 948,771 0.12

April 15- 963,771 983,771 0.13

Mar 31- -10,285 20,000 0.12

Mar 15 - 29,285 30,285 0.14

So what the table above is telling you is that when SPQ his $0.15 there was a huge short position put on between Mar 31 & Apr 15. Since April 15 there has been a modest decrease in shorts. Bottom line, sooner or later these shorts have to be covered.

A little market test for you. What happens when a short has to be covered ?

Answer : You have to buy the stock back. Curent market $0.085