Being American means you sometimes hating the TRUTH!
This is not a company just "facing a binary event". It is a company with several approved devices/procedures/agreements.
As an old diabetic American teacher used to say: "Don't play games with me".
There are currently no working theory explaning why EDT decision-makers would want the price to stay low, except that of taking the company private (buying out the shares the big players do not own at a ridiculously low price).
Whether the long lasting dreadful performance of this stock is intentional or not, it does not bode well for current long-time small investors, or at least not as well as some here are hinting at.