I entirely agree Baba. This is not only about the shorts. As we know from the most recent report they represent only ~1.5M shares.
Though the market is in dissaray, our stock usually doesn't tend to fluctuate based on macro events.
Sheldon's former company's troubles do however place further pressure over PTK (in that we don't know for certain how this could affect us).
I think it must be a combination of the above as you mentioned.
Also, while the main story may not be about the shorts, others could be trying to manipulate the stock lower by selling shares only to accumulate at lower prices. I've seen this many times before (although the practice is illegal).
Like yourself, I hope that what we are waiting for is of the "good variety".