Ann: Suspension from Official Quotation, page-118

Well no one really knows or cares what price people are short from, and it's not relevant. The only relevant reference price is 29.5c, because that's the last price.

The way people - long and short - decide to trade from here will be newsflow dependent. There are more longs than shorts so you should probably focus on their behaviour. They are voting with their feet, and it seems the only buyers are retail dip buyers and shorts taking profits.