Ted- can't answer for Corner- but who has the most to gain by keeping the stock price in check? Not dmrj. They want a higher price but given the choice of holding shares for THAT almost mythical higher price or selling today at 1.32, dmrj is picking 1.32.
The BAM interest payment if taken as shares, gives them more shares per dollar due as long as the price is low and I view today's price as low in terms of a 162M$ "order" but high in terms of the debt structure. BAM sees the opportunity and they maybe the one holding it here. After all, BAM knows that dmrj holds those 8 cent converts and they would like to see the pps much lower. This predicts bad things, if true, but there is no way to confirm that. Even with an anti-short clause in the loan agreement. Somebody acts on behalf of somebody who work for somebody else who knows somebody who will write them a check.
Best of Better Luck to ALL IMSC LONGS!