Crow: that is why Griff and Strickland are still dangerous and they will watch out to make sure that the PIPEFITTERS are not hurt or they will start to light the bonfire.
I bleeve the PIPEFITTERS, IF they hold naked short positions, will eventually get newly issued shares directly (via a PIPE PP with warrants and other devices to disguise the level of discount) or via an intermediary entity to cover themselves - maybe at a nominal profit even.
Just like you don't risk a lawsuit by disgruntled Tier 2 folks with the means, you sure don't screw with folks like Griff, Strickland, and their PIPE buddies who are a MUCH tougher audience - especially once they have been "inside Oz".
It becomes a balance of power/Mexican standoff. The only guys who get ripped are the common shareholders who DON'T have the ability to wield a meaningful threat against anyone.
Such are the ways of the Street.
Moving the BID/ASK at virtually no volume is a risk-free gambit to trap suckers trying to ride the "story" of a short squeeze and perhaps gather intelligence as to the level or depth of any panic buying (which I doubt will happen for the reasons stated above).
Butt it's risk-free to the MMs (as long as volume is low) to try to trap followers of the "squeeze story".
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