My synopsis and theory of what is actually going on here:
1.) There are not a lot of retail people and or institutions interested in parking money here or in the Cannabis sector for the time being. There probably won't be until something like SAFE passes. Additionally, there isn't enough momentum here other than a slow continued trickle down of the share price. The entire cannabis industry is the same.
2.) There is no short squeeze! You need serious money to pull that off, and we haven't seen that for a long time. The volume spikes you see like on Tues are most likely between some brokerages and some debenture holders. The brokerages lend them the shares which are covered by their debentures should they get called in. They sell those shares immediately to Retail die hards who think they are buying the dip.
3.) Next comes the very serious troll farm activity. This is an orchestrated post bombardment designed to make you sell your shares at a loss. Every trick in the book is employed to accomplish this. The foreign basher is employed to keep driving the share price down, so the same debenture holders can acquire shares cheaper than he originally sold them for. They never have to touch their debentures to cover the short because they are almost always able to pick up any shares that they must pay back to brokerage lenders for cheaper than they paid for them.
4.) That’s Convertible Arbitrage and this little game has worked extremely well for our troubled short and distort troll farm basher boy.
5.) Convertible Arbitrage is actually legal, the employment of a troll farm to facilitate buying shares back cheaper is not. That’s what turns this convertible arbitrage into a variation on the short and distort.