Just that they had about 60 million shares from the lenders coming due in June(30 million each to 2 lenders). We had 185 million OS in May and I kept track of the volume each day and the way each trade went through. If you remember we were having 2 to 3.5 million share trades daily.
I was expecting the volume to drop and things would settle out and gap back to 9s once I estimated we were at 240 OS. But it the MM never stopped the 10k ask. And of course I slapped it up 15% one slow day to .0075 thinking it was over and got no help. Power hour came and it finished 10% red.
Based on now we are at 285 million OS, your 40 million is spot on. That's why I think most are listening to the Bomb and following him out. But this is iHub so he might be buying their shares.