$ISPC Astonishing this is back up after hours but please let me explain what is happening here. Bankers put together a deck for a secondary offering and began shopping it around after the close today to institutional buyers. Some less honorable HFs were shown the deal and are manipulating the price AH to pump this up. Once they got it over 10, they started selling short knowing that they will be able to buy back (cover their short positions) at the offering price of something under $10.
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