Well, here we are, one year from the start of the thread and the sp has in that time bounced around a little and is marginally higher than it was at the beginning of the year. A sideways trend has emerged and it might be worth taking advantage of the 2p bounces that seem to happen with monotonous regularity.
Yes, I am suggesting buying shares in the company - not as an endorsement of the company, the managers of the "pipeline" (LOL) - but to take advantage of the TA that the sp is demonstrating. So go long at 8p and sell short at 9.5p.
FWIW, I have never sold short but I have used options to protect my larger holdings.