Honestly, I got the sense he heard about it when we did.  

This boils down to investors manipulating the pps to get the discount.  I think the increased short position was an indicator of this manipulation.  However, I see this as a short term blip once the offering is closed. 

Should the ramp and the MOU move forward, which looks likely, this is a buying opportunity.  However, the short pressure cannot be discounted.

Blockbuster news will send this soaring and the shorts running for cover.  A GIS update might just be the ticket.