I don't get it ... PPS under great pressure, while there are still buyers in the Option Market!
at fist I thought the $2.5 call buyers could have been short sellers ... trying to reduce their Exposure (and given the low volume .. THEY were better off by doing it WITH OPTIONS).
However, they accumulated more than 9k Options Long(right to buy 900,000 shares at $2.5), while the Short Open Interest Is only 151,834 shares.
Artificially bringing down the price ... for a lower buyout offer?
Feeling Lonley! ah ah ah