Bee, Don't know the answer to that w/out having the day's trading records. But, either way... it stinks.
Regarding the dumping in the first hour... you can bet that shareholders were lined up to bail, due to the reiteration and reiteration of the DATE-CERTAIN audited fins. PV turned it into a singular PASS/FAIL event/day/time. When that happens, the share dumping can be like a nightmare.
But, as far as whoever else might have been at work... I don't know, but do wonder. If you were a hedge fund, wouldn't you target an incompetent situation (obviously the SLJB one was) and short the hell out of it? That seems like a given. Some pump and dumper cornered himself on a date/time and then failed to deliver, right? That means hammer the stock. Hammer it like hell. Retail had, at that point, lost all confidence. It was a crazy drop, but I'm not all that surprised (pissed, but not surprised).
So, you tell me WHO set things up so that that crazy BS crash was possible??? Who? The company itself? Hmmm? Maybe?? The answer to that is obvious.
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