Some hedge funds decided to unload. Maybe they lost elsewhere and needed cash to cover other positions? The only thing that makes sense although it seems silly when they could have sold slower in the .80's and .90's. They have tanked a perfectly good play. I've decided to use the low price as an opportunity to load up for approval. Frankly this is all an approval bet now. I doubt we will see any significant run up with most shares (86%) in institutional hands.
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