My theory on bio.
They’re in debt, so the ceo wanted to make some of that money back. He borrows a tone of stocks from someone who has the stocks to borrow and in order to assure he can profit from the attempted short he releases the news on liquidation while having no intent to liquidate. Instead just has plans to profit from shorting the stock, in order to pay back the previously borrowed shares he buys back the amount he borrowed plus more after every got out. Now that he has paid back the stock of what he owed he can only profit now, allowing him to eventually sell what he had bout into in order to lessen the company debt in order to sweeten the deal for a possible bidder, thus giving the company the best opportunity to make a lot of money. The more I read up on shorting, the more I think it was definitely an inside thing
