Your post says:"...at worst they could cover their position at $1.70. If on April 21st say we are at $1.55ish still they will need to cover there postion in the open market to close out that trade."

So, presumably the shorts would try to buy @ price below $1.70/s as much as possible in the open market (most likely causing the price to head up toward 1.70, especially if there are no sellers), but just before the market close on 21 April they would need to exercise the balance ot the wts at $1.70/s to close their short positions.Of course, the naked shorts (no wts to back them up) would be in a different situation. But that's their problems.

Just wondering if there are other strategies the shorts (and anti-shorts = squeezers) could apply during the next 2 weeks.

goldhunter