If anyone doesn't believe this to be factual, or if the scum on the other site disputes the shorting against convertible debt, one could always ask one of the sharper posters over there, kezzek. He's termed a basher, but you should heed his posts when invested in a company heavily into converts. I learned the hard way in thinking he was just another POS basher. Although always negative on everything, he does a superb job of finding those companies that are drowning in this type of debt instrument, also known as a Toxic Death Spiral. The stupid bashers, mostly fabrication bullshit issues would have a tough time arguing with him when it comes to convertible loans and how they are shorted against. That is the collateral for shorting pennies in most cases. Many OTC stocks, laden with this toxic debt, drown quickly and never recover. Some die much more slowly after years of endless conversions, reverse splits, etc.

In the case of TDEY/ORTC, if, and I absolutely believe the toxic debt was heavily shorted against, it occurred as I believe, then the cancellation of the convertible loans and the billions of certificates that were also recovered, have left the shorts very naked without their 'clothing', or collateral.

Houston! They Have a Problem!!