Doesn't account for every single share that was sold until the transfer actually took place on May 9'th!!
Naked shorts my friend. Ghost shares that didn't exist didn't get covered and couldn't get covered until May 9'th but had to start getting covered on May 11'th.
Thus the 88 million shares that traded on Friday. First day of symbol change were all ghost shares. 84 million of them.
2'nd day of symbol change was 15 million and the shares went to .19 as a high and .069 as a low.
Anyone selling now below .069 is immediately making the market makers the difference!