There’s a significant naked short selling (NSS) interest here!!!
Shorts know this and know that they somehow have to cover that position before the current status is completed and news flow starts and the name of the company reversing in is revealed to the market!
There’s a huge short squeeze coming in this stock.
As another example , GM*E also has the same situation - more shares have been naked shorted than are in existence!
Everyone knows what happened to that company’s share price recently!
Shorty needs to slap the ask if he has any hope of covering his short at all’