If you feel that way you might wait to see which creditors get stock in the new company and approach them to buy. You will own "illiquid" shares, since they will be private, but often creditors want to dump the stock they are given to settle their claims, rather than be longer-term investors.
If anyone was still short they may have decided, since the stock will be cancelled to cover their short for the measley penny/share rather than have to wait to put in the paperwork with their broker to free up the collateral by proving to them that the stock WAS, in fact, cancelled. Just because you see someone jumping off their roof does not mean they have learned how to fly ; )
Goldman probably never heard of EVOL and would not touch an illiquid microcap like EVOL where buying/selling 1,000 shares can move the price 5% or more.
What gets interesting (since the options volume is minimal) is who was on the other side of that transaction!!
It was clearly someone who wanted to have a "floor" on his stock.
Stock is tanking because between the new credit agreement with Harris/BMO does not allow dividends or share buybacks AND
Semina (which is waiting on the Brazilian Government to pay it...FAT CHANCE) is having some issues.
Myrexis connection and possibly others. fyi MSMB Capital is the company Shkreli has been indicted for.
ALL OF THE ABOVE IS MY OPINION BASED ON MY OWN RESEARCH
Beginning of the end.
This looks like it could be heading down the tubes. I would bet a lot of money that the divvy will be cut very soon as the pressure from debt holders ratchets up!! ALL THAT SAID, I would not short the stock here as a "wild card" is always a "takeout" by someone who might genuinely get "synergies." Perhaps an Herbalife??