doubt it was conspiracy, but when bd was given shares when they increased the o/s, they were allowed to short the stock, and along with them announcing a voluntary delisting I'm sure there were a ton of shorts that jumped in. hope that helps.
THEY (The managment) didn't!!! The shareholders did that to themselves as a result of the delisting. Just like what happened here on the 16th of FEB (Panic and fear). When they delisted (Part of the clean up strategy and attempts to preserve working capital) that forced many institutional investors to sell (Per their policy), which in turn created panic selling among retail investors (Naturally). There are still a few of those retail investors with us today from above the $2 area. I bet if we ask them to raise their hands they would!!!
No, I don't believ their was any conspiracy. I believe Stuart Goldfarb and his merry band of hired guns were brought in to do a job...it got done in quick fashion. Was there collateral damage? YES...what undertaking of any qaulity to you ever see that doesn't have risk and collateral damage involved?