I wouldn't be surprised to see the 1st option. I would be very surprised to see the 2nd though. Not good news for shareholders. Almost double the O/S in a little more than one quarter! Breaking all past dilution records.
IMO #2 most probable and or those shares are reserved with or for YTO business deals, growth, expansion there is still 3.2 bil in the A/S, still lots of room.
I think it might be premature to make that judgement. It seems that some more prs or direction from ML is pending. A great deal of solid positive stuff happened last week (as promised).
The full nature of what is unfolding with the Chinese connection is not yet known. "Cookie Jar" ? That seems a bit unduly negative.
We've gone from trip 4s to trip 9s with everyone knowing about the share dynamic. The TDA bs debacle in full effect. And yet buys to sells is a landslide of buying vs almost no selling.
I would think pausing and watching a bit might be a good strategy.
That haveing been said....nothing wrong with getting out with some green.