Rather than go round and round, can you explain how mutual fund and shorts have worked together to bring the price down from $12 to under four dollars while not changing their ownership at all? How does that work exactly? Give me a concrete example so i can maybe at least see some sense in your scenario.
My claim that it’s retail to retail is easily explained. When retail person A is disappointed he’s willing to sell at a lower price. Retail person B buys at that lower price. As simple as that.