Looks like COIN got all bond holders to convert to common shares, resulting in a more then 100% delution. Holders converted in the $.70/80 cents and the MM dumped them to the public at a slight preminum to that number.
Whats next, well COIN will raise new money with NEW bondholders, and they will want options and the right to convert at approx. $.50 cents, so I look for total shares to be (AFTER THE NEW CONVERSION) north of 23,000,000 shares.
Look for a REVERSE SPLIT after this is done, so that they will try to keep the PPS above $1.00.
IMHP stock is a very good spec @ $.50/60 cents a share.