Ann: Re-release - Mt Cattlin Update, page-68

If you look at the shortman website, you'll see that the biggest jump in outstanding short positions occurred when the share price was above $3 - from 7% ($4.50) to 15% ($3). It has pretty much flattened out from $3 and below. So it's easy to conclude that the vast majority of short sellers of GXY over the last 12 months are sitting pretty. Short sellers aren't "scared" or "burning", as some on here would like you to believe.