The original question regarding this posted theory:
The 1 for 40 was to scare the price down for the warrants to be issued last month. He needed those at a lower price. ... and possibly financing...
I stated this was entirely possible and asked for a follow up(still waiting), it probably is illegal.
I felt it was plausible because Dum-Dum Kim sat on the Polartech "partnership' for three years.I never said sitting on this news specifically was illegal.It was stupid to do so though. It only cost chairholders 3 more years of suffering at a nickle.
JMHO...Polartech pushed the April 17th announcement since they were in talks with Miliken to get their deal done. It might have been used as a pot sweetner???