this speculation that there is a massive amount of nake shorting going on seems unlikely to me. The real problem here is the shares sold at 10 cents. Those who bought tens of millions of shares at 10 cents are probably the ones selling at 16 cents. They make a quick profit, and still do not have to come up with the money at 20 cents for the warrants which kick in when the share price stays above 20 cents.
If I am right, these same people want the next financing to be below 20 cents, then they will recycle their money and collect even more warrants, and when the price finally explodes above 20 cents they will have even more low price shares and warrants.
The only way to hurt them would be for Tyhee to not do another PP until the price is well above 20 cents.
or for them to have run out of the 10cent cheap shares.
Tyhee will be a billion dollar company before it is an operating mine, and that day is getting closer and closer.
SKELEG
