Highly doubtful that's correct. If you watched the level2 the past week or so you would see someone is trying to trick others into selling off at any price - now .0001s.
First they (maybe even you lol) took out the 0002s with 50Million shares, now the same size into .0001s both hoping others will follow, which they do not. All as it continues to wait for some definitive news.
Since this is about a merger, that news should lift this big time. Until then, the games will continue.
p.s. notice there are still 300Million shares on the bid here. Looks like quite a few trader peeps disagree w you also and still think this will run haha..