Actually, I don't think it is useless. When a board gets like this, with a bunch of loser shorts bashing the stock constantly, it is a signal to me that the stock is a good buy.
I have seen this happen a lot of times. It is almost always a signal to buy. These goofball think that they can move the market. However, if 65 million new shares were issued and bought in one day, it means the big and smart money are buying.