Sproutly Inc (SRUTF)

[half-full]

I believe the lender would sell the shares immediately even though they are taking a 20% haircut. They wouldn't have any interest in holding shares.

Definitely not investors happy about the debt being cleaned up. The volume preceded the news.

This to me just looks like the company wanted to pay a bill( interest) and struck a deal with the lender to give them shares who then offered the shares up for sale.

The company just played us. They know we are all waiting for some good news and would jump when the volume increased.
This is turning into a sad story in my view.