i actually have a theory for what is going on. since i read in one of the filing that management would like to convert some of the debt to SWK into equity, Swk employed a naked short manipulators to slash the price in order to maximize number of shares they can get for the debt. this is very common practice when companies take conversion financing. if no floor is set for the conversion, price can keep falling for months (example DCTH).
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.