They covered some to pop it, then shorted every retail buy. Company got theirs, piper making easy money with the short scam, and retailers getting....well you can see. Same ole wallst scam over and over, brought to you by the SEC rule makers and our gov leaders who could care less as long as they get to trade with inside information also.
It's not really odd. When you have crooks shorting a company, they will do everything possible to make that company or their products look bad. IMHO, the majority of shorters on wallst trade with inside information and are nothing more than plain criminals that need to be in jail, but the SEC only goes after about .000001% of them. Right now it's Mark C. and he is very small fry in the big picture.
Hate to be negative but that is the way they operate. They use pops like this to continuously lower their average as they force high buyers to sell. But maybe not...maybe double today and fool sellers who bought in the 80 pennies. I'll take the 30%+ and then see what happens.
Starts back down immediately...lol...so you can still get it at 50% off MSRP. You can thank me later..lol
$10M to be paid monthly for about 2 yrs. If so, bad dilution for us holders and reason enough for the piper to short..so pps just hangs or goes no where except down until something good happens..if ever. The rules are setup to take money from peon retailers who get suckered in on the back side of big pps movements and so-called big news...which is actually setup by big players/pipers/hedgies/company managements to do just that when they look into the future and see the need for more money. It's planned and laid-out for us suckers to walk right up and hand our money to them and dream dreams that never happen...as they stuff the pockets with other people's money and laugh all the way to their bank in their high price cars, with their good looking women hanging all over them...lol...get the picture?..jmho