The only other conclusion is that Asher's market makers (VERT AND ATDF) are illegally naked shorting PEII stock on the presumption that Asher will be able to deliver the naked shorted shares upon his conversion of the rest of his shares. But I highly doubt any market maker would take on such a supremely high-risk maneuver by shorting a stock with intense public interest to the tune of millions of shares, for several weeks, until they can cover. That would be illegal and suicidal. That is not simply performing the function of "making a market", which market makers are supposed to do, but actively naked shorting a stock for profit on behalf of a customer until said customer can deliver the shares and cover the short. Moreover, this would put Asher over the 10% "affiliate" rule which means the market makers would be selling restricted insider shares, which is patently illegal.
From another board and poster