Who wants to bet me that a majority of the warrants will be exercised even if they are out of the money? Forget about the shorting, and then buying back game. There are two few shorts (700k?) versus the 11 mio warrants outstanding.
What I'm saying is that the institutional guys that own the warrants, who have been intimately following the project, and who see the tremendous upside will want to own their shares. If one tried to buy a million shares in this illiquid market, one would drive the price up 50 cents or more. And, the average price would be a hell of alot higher than $1.70. Imagine if a few "real money" guys were trying to amass a several million share position. They frankly could not get enough shares in the open market.
Therefore, the best and ONLY way to accumulate is through the warrants. Watch and you will see my friends.....