RE:RE:RE:RE:Financing Was Obvious and Inevitable How did the word conspiracy get into this thread? I haven't read anyone here alleging that insiders coordinated illegal actions, or even that such would be needed to achieve the result seen.
All it would take to knock the price down from $6 to $2 is a rumour that $2 was the target price of the only interested investor group, and then let the market do what it does. The source of this or similar rumour is what I mean in agreement with Farmer's "monkey business".
And then the question is regarding the competence and motivation of the BOD, not the motivation of the placees which is obvious.
As for the big trading day, I find it hard to believe that there was so much buy side interest without some other well placed rumour, like maybe an analyst upgrade, and the same party would benefit by planting both rumours.
As for my naked short comments, I didn't allege that happened, rather I asked if that would be the point of an investor complaint to the SEC, precisely because I don't believe the share dump was coming from insiders for whom it would be a documented trading violation.