Unbelievable — and I hope you’re wrong. We should know within the next couple of days whether today’s action was actually related to dilution.
You give notice that you're converting your notes payable.
You short the shit out of the stock the next 10 days to drive the price down as much as possible. Then you get a 14% discount on top of what you already forced the price to drop.
While the price is low, you get your criminal buddy Linda Powerless to sell you another chunk of shares for another discount.
You cover your short position and drive the price back up.
Then you sell all those pretty new shares you got from convertible notes and direct buys back into the market at the higher price you created, and drive the price back down.