Or, with the backstop agreement... it would be a great time to run the price up causing shorts to cover while attracting hot money.
Easily they could run this up and let momentum drive it high then sell and move into a short position which they would cover at 1.75 (stop gap). They would be covered both ways.
So... be careful if you're short here (unless you can take advantage of the 1.75 price. Last day to buy is Sept 24th.
Don't be shocked if this runs into the $20s. Tight Float