Bottom line CEO taught market timers a lesson. You never know when good news could hit. Also settling debt is not something that requires a mandatory 8k, you can just show the info in your next 10q. KJ filed it because the 10k is late and he wanted investors to know how well he is doing retiring debt. Who knows how many aces in the hole KJ is holding right now readymto be turned over at just the right moment.
The CEO is certainly in charge here and is juggling funds to pay off debt and purchase shares in the open market. Makes perfect sense to time things according to his tasks at hand. Putting up certain sizes of bids and asks at the right times can certainly affect trading and pps movement one way or the other.