After last week's insanity, pushing the price down to the 6s only to cover their short positions and buy it all back dirt cheap, the company is not taking any chances this time. Smart move IMO.
Not last week, but on Wed, January 16 big boys pushed the stock down to $6.17. Management would like to avoid that this time and at the same time unleash some brutal punishment upon short sellers.
Because they are forced to Halt the stock when material data is going to be released. You can still trade in the AH market. Come 8PM I believe it becomes pre-market which you cant trade in.
Orrrrr they saw twitter and the volume exploding because we found out early of their CC and forced their hand...
I think it is fair, by the time stock resume trading, everybody knows the result, no one can say someone might have inside information and have chance to buy/sell large volume before others notice it minutes or hours later. I like the company doing this way, no one can blame them leaking news, I don't believe anyone can buy/sell pre-market tomorrow either.
Sentiment: Strong Buy