Crikey, it has been well shorted and I'm not surprised but I suspect the sentiment has been driven by the negative press. The shorting right now looks quite extreme. I hear that a particular broker is doing the majority of the shorting. Got this from the MYX thread.
Who knows but at around $1- I think it is well worth looking at and I suspect that it will touch $1- very shortly, going by the volume/spread of this week's bar.