i think bearish is more plausible
given the fact of the market crash coming.. i would add to your scenario , TV gets taken out for a song with a the reverse spit or not by glencore for already 6 times less than they got paid, at 10c it would be about 12 times less.. Some guy predicted this when they did the huge PP with them , the price was over a buck and he got smashed by stupid pumpers.. The price was driven to close to 2$ then massive selling started until where it is now ..