My guess is the same ones that shorted it at $10 and above. My guess also is that they are the ones manipulating the pps toward $3-$4; any shares they cover down here will be free and clear. Bigmoney and their MM buddies run the racket; retailers are the suckers. Happens all over the markets and approved by our Congress which also get to trade with inside info passed to them by...you guessed it...bigmoney..lol.
Greedy wallstcrooks; that's about all one can say about it.
I guess that's it. But the good news...you can still buy your lottery ticket near the all-time low.
Fake trading to pump it then short it back down and cover a few more of those $10 shorts all over again? Good news may be coming but I have more faith in the typical actions of the wallstcrooks.
Surely you don't think wallst operates in a fair and so called legal manner.. Even all members of congress gets to trade with inside info, plus as all their buddies, which is everyone except the average joe investor. Wallst is crooked to the core imho..
Company only got 5.57 per share in cash from the new pipe. So why would traders pay more than that until the company shows they can make a profit. I really wouldn't be surprised to see it get cut to about half of the pipe price unless they announce something really good. Pipers usually show no mercy when they short; they want your pain to be so great that you will naturally sell at the bottom.
Who knows; he might be short against all of his own shares as protection, but slowing covers with other traders' shares who sell for a loss. Considering the size of his positions, one has to think he has always had inside info, way before any info was released to the public, both positive and negative news. May or my not be true, jmho.
And they have inside info. But they also probably shorted above the recent $10 pps using that same inside info. Now they want to cover with your shares that you sell for a loss as they drive it down until you can no longer stand the pain. Naturally jmho, and probably 100% wrong...lol
And btw, the lottery ticket will not pay off until after you sell. Usually, that's my luck..lol