Probably a RS after that considering the number of outstanding shares. Could easily drop to BV over next few months, No need to wonder why those with inside info are selling..jmho.
Wprt is coming down bigtime or this is a fakeout; I'm guessing fakeout. Wallst is soooo crooked.
Have you considered that he may be short from way above? I really don't know, but there is the possibility that he trades with inside info. Any bigmoney trader with inside info on these two companies would have gone short on both at much higher levels and then use cheap pipe shares as additional protection to cover with or short more. It's a racket run by bigmoney and their mm buddies with retailers serving as the suckers..and with the full blessings of our Gov leaders who also get to legally trade with inside info, approved by themselves...lol
Burn rate $8-$9M per qt. PIPERs will soon own almost all of the company...but I think that is the plan anyway.
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.