Here's one theory I was going to share after comparing quite a few tickers that all moved exactly the same back in Feb.
Before the spike to .01 I believe CDEL and several institutions bought up billions of shares of many tickers that were in trips and figure they could eventually run them out of business during the pandemic.
Collecting most shares without driving the pps up, then allow the price to increase rapidly drawing in new buyers while selling off the shares they had acquired. Once at the peak, start short selling it back down.
But when the pps started to climb back up and shareholders started buying they had no choice but to either cover or naked short it. Even after the O/S was increased HF and MM's continued to work together trying to short this to nothing but other institutions and shareholders know the DD and where PHIL is going so the pps held.
Obviously there is more to this but it's a short version. I believe they began shorting some close to that .01 but a majority when it was around .0040 That's why when the pps hovers around mid .0020's they aren't too concerned because it's sustainable money wise and shorters feel like they can wait it out and eventually holders will sell off.
But as pps increases off of that they need to naked short it more to get it back down. Our latest run to .0050 I believe was totally fake. They simply ran it up to try and get people to sell. An easy way to cover without being too costly.
Time will tell and everything happening with PHIL is probably making shorters very restless. They should be worried, a forced to cover will be an experience most have never been a part of...
Is it Tuesday yet !!??!!
(Note) Every post I make is simply my opinion.
