yeah this has not been pretty and really want to know who's doing all the recent selling / shorting....would have thought the secondary would keep the stock above the $8 mark.....company needs to come out and make a statement and defend stock price......this getting far to low !!
This is called short against the Box. Institutions can be your Friend and Enemy at the same time. Ask Mets1p regarding SNDK. We have seen it too well when Citigroup back in 2005 to 2007 time frame and most recently for the past 18 months it was GS!LOL.