Well, it is not uncommon for stocks to dip before they rip.
If you had significant money to invest here, would you simply buy at the ask pushing the price higher and essentially guaranteeing that you won't easily get the large position that you hoped to have or the price you wanted? OR would you finagle the price around.. dropping it to shake shares here or there and then scooping everything available on the ask up to a certain price from time to time? The intent is obviously to go long if you're taking a large position that far exceeds reasonable expectations of liquidity.
I personally think that the MMs and at least one of the few large funds who are aware of this stock are currently positioning for a move.
The exception on the other side of the coin is that RFW acquired shares at .175 with a plan to dump them in order to get as much of their capital back as they can. After which they will simply be holding some cheap warrants @.225 that will last for three years. Based on the other terms of the $100M financing and the additional preferred shares that they seem eager to acquire as well, I doubt that this darker theory is the correct one. However, again, there is no way that they could've possible imagined they would simply dump 50M shares when the avg daily volume prior was significantly less. In light of all of this, it looks like they took advantage of their only chance to acquire such a large common share stake at these prices.
BAA
AI
