Hi folks, what a ride. I have done some serious digging and can offer some fragments about what may be going on. Firstly, there are definitely new shorts in the stock. If you have given permission for your stock to be lent, call your broker and rescind..asap.
Yesterday there was an important equity filing to be made which was extended to today but has been filed.
Some time last week or early this week there was a piece written form the perspective of debt holders which attempted to put a valuation on the stock at or around $1.50. The article which I have not found yet had little if any input from the equity stakeholders but it gave some short sellers a lean to let some go.
I read on this board that the ceo plans to pay himself 2.5mm? are you freaking kidding me? He works for us (supposedly) and yet as I posed the question yesterday, I am not completely comfortable that his interests are aligned with ours.
As I mentioned, I only have fragments, there are alot of really smart folks in this play who probably can elaborate on these points.
Lastly, there are some serious guns in the E.C. guys who have VERY big stakes. I just lifted 10k at .93
