I would suggest that, while we are in limbo (the grays), the volume is so low that neither is accurate. Would any meaningful percentage of the shareholder base sell at these levels? Does a trade at .0001 followed by a trade at .004 mean that the value of the company just increased by a factor of 40? The only information I can get out of these trades is that, try as they have, the bad guys have taken their best shot and have failed to sink the company. There are no weak hands, only hands that are patiently waiting. Meanwhile, there will be (as suggested) 250M NSS shares needing to be covered at some point. Who will be the first to “blink”?