This is #$%$.
Schwab deposited 25.1 rights for each 100 shares held. They also have them priced at 6 per right.
Mine were deposited to my account this morning. I am sure they will be there in the next day or so.
A rational investor / hedge fund manager would never be in the position he is. He is married to this position...my guess is that it will be one of the last that he closes out. What we are probably seeing now are the retail shorts who believed him closing out their positions which is creating more pain for him.