The majority of borrowed shorting was probably exe

The majority of borrowed shorting was probably executed in the 3's and 4's and were smartly covered when TECO went sub penny or are being covered at these levels. A smart shorter would be doing their DD and if so they know that these price level days are numbered.  Those who shorted in the 7's,  6's, 5's, 4's might have held out for the 2's and 1's which has been the norm this year so I doubt they held that long without covering when TECO sat in the 3's and 4's what seemed like forever.  IMO there aren't that many borrowed shorts.  It's more about the Naked Short Sold positions held by the hedgies and brokers. Any firm that NSS's a penny stock does so because they expect the company to go out of business or they conspire to force them out of business with tortious interference and short them to death.  That is why it is predominantly executed in the micro-caps.  Micro-caps are start ups and it's easier to put fear, uncertainty and doubt in human nature than hope.  That is why FUD is used when shorting companies into bankruptcy.  IMO that's exactly what was attempted with the TECO BK.  It's sound like a conspiracy theory but estimates of NSS'd shares have been from 80mm to over 100mm and that would be enough incentive to become desperate.  IMO those firms who have NSS'd TECO recruited ex-employees, ex-shareholders or others to file that bullchit BK hoping to bring them down.  Notice the same bashing crew hasn't let up for approximately two years now.  Russian, Geo, tdbowie, MacKfish, schnauser, etc are attacking TECO for a reason.  NSS is illegal but the SEC looks the other way when it comes to micro-cap stocks due to all the corruption in the higher markets keeping them busy enough.  All shares that are borrowed need to be accounted for within Trade+3 days and if not accounted for it becomes a vapor share, naked shorted, or FTD's (Failed To Deliver) and double dilutes the share structure.  Google the above terms and read the articles.  Once the hedgies who have assisted the brokers in this crime realize that TECO is here to stay and that won't be long from now;  they will pay almost any price for a legitimate certificated share to cover the vapor shares.  When it comes to NSS there isn't a magic PPS that they need to cover at; they just need to cover with a legitimate share at any price. Theoretically if everyone willing to sell legitimate shares put limit sells in at $2/share then they would have no choice but to pay that price in order to cover their FTD shorted shares.  Assuming there are over 100mm FTD shares to cover which a lot of shares in certificated form to purchase;  the short squeeze could run the PPS to .50 or .75 or 1.00 once TECO has the future milestone that convinces the cohorts that they have lost.