Someone hung their rear out to keep a lid on the share price. That might be the worst $8 million I've seen invested for a while. It makes you wonder who would roll the dice for $8 million to suppress the share price when a positive FDA response for Breakthrough Therapy would roast them for millions and millions. It doesn't seem like a rational bet based on risk & reward. I assume all of the tutes that are owners will see this as well and potentially see an opportunity to screw our short royally.
Jad, There is quite a large open interest position in the out-of-the-money calls for June. Anyone short the stock can insure against disaster, relatively cheaply, by buying such an option. The spreads are huge; Making a market in those things is a license to steal.