alstocks, that's not the problem here. The problem here is that stock that had already been issued is coming out. And there is a lot more coming into the trading float.
The speed at which the seller wants to get rid of his/her position is going to drive this lower. And on top of that, you have a MP trading on his own account in front of the seller.
If TM releases some great news, then the seller will have more liquidity to exit faster without tanking the price more than what we've seen today.
Bottom line, there is more stock coming out.
If I was TM, I would go silent until that stock has been sold. I would also start buying myself when the seller is near finished.
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