I did not read it, but if he is a short seller, I agree, I rarely trust what they say, but unfortunately enough others do to trigger a sell off, and in this case, the huge mass of new shares is likely to be dumped, at least some of it, and that is likely to start the dominos rapidly falling here. A 97% dilution is massive!
You can chose to ride the wave with the MM's that push the price the way they want or not. Bottom line, they have the money and they push the price. I ride the wave and make $$$.
Classic case of "If you can't beat them, Join them"
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