RE:Shakeout$3 isn't a special threshold, at least not industry/FI-wide. The margin calls have been coming since the price break, just because lower price means less margin. Sub 2, though, means no margin, but 2 is a long ways away, so, not that the price won't get there, but it won't get there right away. 2.50, though, maybe.
People think this is 'blood in the streets' but I don't think it is yet. 2.90 is probably an ok price, but I'll bet you the gameplan is to get you to buy at 2.90, and then keep pushing it until you choke up those 2.90 shares at 2.40 The markets have always been a rigged game, but they're worse now with the new AI and general 'anything goes' attitude of the riggers.
I think this is ridiculous, but at this point, I'll let them push it as low as they want and buy the rebound. No point catching a falling knife when it'll still be a great deal at 3.50. So if the MMs want to push it to 2.40 or 2.00 or 1.50 or whatever they think they can get away with it, I intend to let them at it. If they want to offer stupid discounts, let them offer REALLY stupid discounts - the weasels.