Because they announced the next podcast two weeks after the end of a quiet period. The shorts feast here on extended silence by management. It will likely rebound some prior to the 31sr podcast but if there is not any substantial news then they will just pull it right back down. Been the pattern for the past two years. The clock is ticking on liquidity events. They must deliver by end of year.
Flippers & Day Traders are impatient - they don't like waiting!!! They were counting on Early News & a Podcast this Friday . . to keep the momentum going, and that didn't happen, . . so, they are bailing !!!
Now the Savvy Investors will get a second chance to load the DIP . . . before the RUN continues !!!