sounds make sense to me...
shorts know NQ will be well above 6 by late this month. they are working very hard to dump shares to try to create panic among the retail longs so they can cover their positions.
the news was announced on March 29th. so the last day to pay the 440 million CNY will be May 30th.
one correction, Vincent's first 440million yuan payment is due late this month instead of late June.