The threat of Floyd issuing 50mm shares at 5.50 is what it is. Dilution should not come as a surprise to any veteran Floyd follower. He did it three times at Petrohawk while I held that puppy. We needed the money
Also I think it's shorts who are under water, pounding the stock down so they can cover and get out at break-even. The SEC should never have allowed shorting on downticks. Time to bring back the uptick rule.
You must be new to HK, then. This is the typical pattern just before earnings, so don't read too much into it. Oh, and learn the difference between "don't" and "doesn't", and between "to" and "too", ignoramus.