A reasonable question is what would happen to the share price if Wave did nothing and they were moved to the capital market. Would it go down 50%+ which is what some are predicting if they do the RS and it drifts back down below a dollar. Is it simply up to the shorts to attack and drive it down but they would leave it alone if Wave simply went to capital market?
The price went up from .50 to .90 when the shorts who were naked had to cover (or were covered). What is going to make all the shares to short now available - which are not available now.
I don't dispute the negative impression the RS is creating but I'm trying to identify the real material changes that will result with less liquidity.