Already dropped over 10% in two days. The question is who is selling millions of shares? Is it just scared retail investors, or is this insiders?
I thought so too...
I think it's likely the debtors they paid off with a bunch of cash and 55 million shares a few months ago. Here's hoping for a rebound when they're done.
Could be some of the buyback as well, on the last quarterly report, they weren't finished. The L2 shows the usual suspects driving the price down. Them buying back at these lower prices can only help the stock when they account for the derivatives.