Ann: Conversion of Convertible Notes, page-60

All it shows is that some people think the price is going to go down and are willing to put money on it. Whether that's a short term or long term bet who knows. We're in a no drilling period so price will of course drift down. What lies under the surface no one can say with certainty, only the drill bit can tell you that. Otherwise we might as well call Azure and tell them don't bother wasting money on drilling, technical analysis and $800k of short interest says there's nothing worth drilling down there.