It depends where they cover at. If they can cover 1,000,000 shares at $0.005 they only lose their fees. If they cover at $0.05 they lose $45,000 a piece. Cover at $0.50 they lose $495,000 a piece.
Cover at $5.00....well...ummmm...ya they would lose $4,995,000 a piece.... or AKA