I just got off the phone with the source of that information. He had a conversation with Don, who also said he'd have the NOBO list in his hands tomorrow, or first thing Wednesday AM...
In regard to the 5MM float, he said that the OS and Float may eventually get increased to 15MM OS/5MM float(possibly)/10MM restricted, but AFTER the finalization of the merger, not that it already HAS been increased. Which was just proven out by the numbers from the TA not changing.. And even so, 1.2MM more free trading shares? who cares, lol that's not gonna help any shorts.
This info was mentioned in Pannetta's paltalk room, and that's what started the 3:30 selloff. So.... as of right now, no increase in the OS or float, and not gonna happen until after the cusip change, anyway, so in the meantime the shorts are as screwed as they ever were.
Basically, the MM's took it down on some panic selling, for something that hasn't actually even happened and may not for weeks..lol
In a nushell, bargain priced shares tomorrow AM... should rebound quickly once everyone knows why it dropped there late-day...