yes, i think they have the out of existence covered because they have the next round of financing covered, but i think it becomes more costly as the share price decreases. Just thinking out loud but suppose you were the source of funding and you could drive the share price down so that your new shares were cheaper than the shares you sold to drive the price down? What is not to like about doing this. Sell from $1.20 or so down to 60 and then buy at about 60. Why not give it a try and if the share price declines then go for it?
No question. Two possible scenarios, Socius had to liquidate their entire position in order to add that position back on this tranche. Other Scenario is they didn't have to sell, but have decided to short 2 or 3 million shares, scaring others out of their shares, which has surely happened and the price sits here. They get a ton of shares at .61 closing price tonight, say 3 to 4 million, then they cover the other shares and send it right back to 1.00 giving them almost a double on a ton of shares already. Nothing we can do about it...hope you have great timing to sell and buy back in or just go for the ride and buy when opportunities arise.