Oct. 2 at 8:14 PM
$RMSL
Go back and look at the series of CD offerings Wood took out. Most of them had a 6 month maturation and lender can convert at a 30-40% discount to market.
The lender is usually a hedge funde/working with one who will short/naked short before debt becomes due. When debt matures-they convert with a discount to market and use the shares acquired to immediately cover the short. Thats why none of them ever show ip as an instutional owner.
The further they drive the price down - the more shares rhey get on conversion to it becomes attractive to ke3p shorting the hell out of.it to.maximize return. When there is virtually no demand, let alone the investor fatigue, it can drive price down hard and quick. Dedinitely a few sellers here and there but the vast majority of the vol is dilution.
Compare OS 3 months ago to where its at today and then look at.vol.and do the math backwards (conversion idscount to market). It accounts for 80%+ of last 3 months of vol. Expect to see OS jump