RE:RE:RE:price action saying no dealPossibly more than one reason. (a) help scare off short sellers, (b) strapped for cash and need to do a deal, (c) figure the stock is severely undervalued and hoping someone with a few bucks agrees and picks them up for cheap (e.g. $6-$8 per share).
It doesn't look like 'a' above is correct. I just checked the short count for the period Nov 15-30, and it went up 366,824. So much for that theory.
My money is on 'b' and 'c' as the most likely reason(s) for a review. My personal bias lies with 'c', for now anyways. These things can take time, so we won't get clarity until Q4 results come out, OR, they make some kind of announcement related to the review (e.g. a recommendation from the Board, or conclusion of the review, as they said they won't be providing updates). Probably not much happening between now and the end of December so rangebound we (probably) are until 2023. GLTA.
TeamEddie wrote: I am thinking the whole review was possibly a strategic move to hinder tax loss sellers