The AF's were PROMISED and quoted as "DATE CERTAIN". Yes, that is plenty to make it tank from .09 to nothing. Any more questions? It's a no brainer IMO... no offense intended but it just seems as plain as bagels and cream cheese.
Maybe I'm missing something but I don't think so... and as far as number of shares being a mis-match somewhere... don't forget the idea of "market sentiment". No demand + all selling + BAD NEWS = LOW PPS.