Did you read the terms? They get their puts for 80% of the market price…. Not the average pps for 10 days, market price at time of execution…. They can’t just dump em on the market, no way will the investor execute in the current conditions, or pps. They wouldn’t even be able to unless there are 10 days like today in a row, cause min transaction has to be $10,000, and they can only pull out 250% of the average daily dollar volume over previous 10 days.
But I agree, a big pump will be required to access this funding and keep the investor protected.
Wonder what they got for that after being completely silent for 2 years!?!? Better be big.
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