A debt holder selling 70 million discounted shares into the market over the course of a couple of days would have certainly been enough downward pressure to get others to sell also causing the crash we just saw IMO. Getting the PPS down to where there is bigger support is what convertible debt holders want to do. They can dump a lot more shares at strong support levels without pushing the PPS down much further and therefore they make more money. Now I'm not saying that debt is converting right now. We don't know that. All we know is the O/S increased by about 70 million shares last week and the PPS crashed. What happened is anybody's guess.
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