This is just a wild hunch but I am wondering if;
Gleneagle or their clients that were given notice of the companies intention to draw down on the convertible notes decided to sell part of their holdings on market over the last few days knowing they now have the option to convert those notes back into shares by paying the conversion price. If they were to do this for the full amount, then selling 100,000-110,000 shares (between $5 and $4.50) would cover it. That could explain yesterday's selling on a positive day for markets. Yesterday alone traded 50,000 and this morning has already traded 21,000 so if my hunch is right then the selling may be over or very close to over already.
Again, if my hunch is correct, this should bounce back up very quickly either today or the next couple of days depending on volumes traded to clear the last few of these sellers (if any remain).
MWR Price at posting:
$4.57 Sentiment: Buy Disclosure: Held
