Shorting. If the company states that they're not diluting, then how can this not be more shorting? Granted, the company can be lying, but why? They would have SO much to lose, legally.
Look at the time and sales... From the 0.06 area, it's been all buys. With buying pressure, the PPS should go up. When shorting occurs, buying pressure will bring the PPS down because all the buyers are taken out.
I think the MM's are shorting and buying large blocks at a low low price in intervals to cover (ever wonder why those large blocks are 0.002 or so lower than the bid?). The intervals of large blocks are to keep themselves in check to not get themselves deeper in the hole than they already are. Basically, this is just to get the PPS lower so they can cover lower and also to get the traders and weak-longs to get out.
Anyway, it's just my hypothesis on what's going on. I don't see why buying pressure would make the PPS drop like that in a regular market. Any other ideas?
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