Yes, the MM's just like rest of us have known this was going to happens for almost 3 months already, and from the trading patterns and failure to delivers we have seen, this stock has already been naked shorted to death. The dilution is yet to be seen, just because the shares have been created does not mean they will HAVE to get issued. That is what our arguemnet to management has been about the past few weeks, they need to find a way to convert their debt to conventinal financing instead of converting to shares, the have a revenue stream now, use it for debt and get away from dilutive finacing.
The stock has been almost consistently on the Reg SHO failures list, someone just posted a share count up until the end of June that showed since starting June 12th, date of the A/S proxy vote, failure to delivers jumped to 20 million shares in 2 weeks.
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