The shorts obviously knew something ahead of time. They must have been tipped off that DTT was going to have an issue with the 10-K.
You don't go short half the float, then go naked, 5 million, 6 million, 7 million, 8 million shares. Then continue buying huge amounts of March puts just days before earnings, unless you KNOW something, absolutely know something.
All the outrageous hit pieces that came out were really designed to spread enough FUD that the shorts could cry "FRAUD!" at any little hiccup CCME might encounter. They raised the bar for the company to ridiculous heights. Turns out that hiccup was more along the lines of them puking on themselves, but still.
It doesn't matter how wrong MW or Citron actually were, they knew they could claim victory in the end and the shareholders would forget about them and turn all their anger on the company.
My question (which will likely never be answered) is who tipped them off?
