EWC Short Selling, page-13

The short seller(s) has been right since 2008.....fact. A few spikes here and there, but otherwise a consistent move lower, where the shorter has been making money hand over fist, all the way down. Smart investor / trader. Hats off. However, If this person(s) are really covering, then this is a bullish sign. They know something. I wouldn't want to be short here - there is little risk/reward, hence its smart to see them covering. There are too many catalysts to see the s/price appreciate the little downside risk post the capital raise and new strategic shareholders/partners to help us achieve some big moves. The guys who were short made money on the downside and if they're really smart, they will double the other way and go long.