Though I guess it's probably mainly MM's scrambling around amongst each other to cover the temporary short positions they got stuck with when the stock was halted?
Yep. It doesn't even take a revocation hearing. Back as early as the MTEI scam in 1998, a number of people noticed that the stock made a bit of a recovery just before it was suspended. Maybe the MMs saw something most of us didn't, and decided it was time to bail.
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