The strategy for financiers from here depends on several factors.
On one hand: what is the overall desire & commitment to large, relatively short-term gains? They may seek to accomplish this with news, opportunistic buying, and/or promotional coverage. I was certainly expecting to see a bit of a recovery after the 5-day period - why not? They pushed it down with ease. Retail expectations for this should help.
On the other hand: what is the overall acceptance of smaller, respectable gains? They'd be potentially reducing risk exposure while having capital to invest elsewhere.. They can do this buy simply converting and selling anytime the price is above 0.679
40 trading days from now, the second option will be perpetually available any time the stock price is above the VWAP of the previous 5-days.
Finally, the long-term holders may simply seek to ride this for the next dilution terms along with a chance to hit the jackpot with market success or buyout.
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