Ann: Lithium Offtake Agreement and Prepayment, page-54

There won't be much shorters.

The selling pressure comes from those pre-consolidation holders who have the shares consolidated from $0.003 to $0.06 (20:1). They would be selling to get out at a profit at $0.25ish.

The previous holders include instos and individuals so expect a lot more selling at this price, they have been holding for a long time so they would be happy to get out and sell their shares on news like this.

The positive note from this selling is that you may consider this as a spring cleaning. A lot of pain to complete the spring cleaning but hey, it would be b-e-a-u-tiful in the end.