It may be, however, it could be any number of things. If they issued shares that were converted we could also get retail/converted shares/shorting all-of-the-above action going on...
and still not have technical "dilution" and the share structure is still low enough to get rid of some shares over the past few months without massive volume at the multipenny level where it was.
STILL a bunch of same ole crap from the company though, imo.
May 31 is over and shareholder deserve an immediate update. They still may pull this off-- but pps will be declining as confidence has left the building. Pinks are mostly emotion/news driven. We need news