RE:This company is a puzzlement to me.
I think you are right with
"Is there an elephant in the room, forcing down prices so as to buy when the frightened longs capitulate???"
So I went to top up my position yesterday to test it out. I placed 4 separate orders throughout the day for 10,000 shares each at the asking price. Every order was filled with an initial 500 lots and then usually followed by additional 500 lots. They were acting like blockers slowly filling each order. Why would anyone sell $150 lots at a time?
This is hugely bullish longer term - load up while you can.
GLTATL.