Hi Penny,
As of the 6th of July we still have in excess of 825,000 shares shorted and still uncovered.
What concerns me a little though, is that they (the shorters), don't seem to be too perturbed about it, and they don't seem to be trying to cover what they have shorted either.
As for the shares moving to the $3.80 the same as OW will have to pay for, it could very well be on the card. Although, if we have to read in the past events, the last time that OW paid up to $4.00 per each CDU share, the sp didn't jump/respond to meet that figure.
Patience is required here. For, until we will start mining the sp will be at the mercy of the market makers only. We are only in for the ride.
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