This is the third time this has happened. I don’t know if they are just taking advantage of an algo/bot/HFT play on “news” leading to a volume over 10 times the OS….OR…they instigate it. No doubt it was being shorted to the hilt with the $0.24 issuance to cover.
But it did seem like they did expect this…given the pricing of the offering.
One of these days he is going to go too far.
Regardless, this will continue back on its trajectory down like it always does.