So, here's my thinking on the "Perfect Storm" scenario.
All this selling is NOT retail. Oh sure, some retail got caught up in the selling because that's what idiots do. They buy high and sell at the lows to throw in the towel. They leave a stock only to see it running at some point in the future without them in it.
This volume, which now is well over 8 million shares on the ask, comes since some "creative" money generating events have occurred. That makes me believe that one or two of the hedges that were holding preferreds have converted and are moving their shares out. Hedges do the same thing and why they acount for most of the massive losses in these markets. These guys are tired of waiting and are moving on. It's that simple IMO.
You won't see a filing. It will just show up in the numbers. So, with the likes of a CEOCast on board, which is known to be tied directly to some hedge players, they must have an entity scooping all these shares on the cheap at these prices. No retail players are accumulating these shares.
Once these preferreds are gone, then the new players control the game. It's like they always do. Grab as many shares as possible and then stage the run to the upside while leaving any retail sellers in their wake. Essentially, this is an open market transfer of a large share position.
The timing couldn't be any better. This quarter we're in now is massive. The quarter to come even more massive. These guys run stocks on any hint of accelerating sales and a company turnaround.
It's just a question of who has the b*lls to play with them down here and buy without fear. Then once those shares are gone, there isn't a single person that can jump up to stop the run. You can say anything but it is SHARES that speak the loudest. And those shares will take this stock where ever they choose to take it.
Oh, and for further information. There is not a single one of 10 million "shares for borrow" in the market. Everyone has totally misinterpreted this financing and will do so until they find out exactly what is going on. Talking here does what it always does...confuses and shows the inability to even come close to what is actually happening for this company.
