Ann: Becoming a substantial holder, page-16

They have confidence on their ability to make easy money out of dumb board who has screwed company share price and now hedge fund can either sell it off for even low boll offer as for them what matter is how much % return they are getting not what is the value so they won't be hesitant to sell off at $2.4 if they are making 20% on their cost within 6 months sure the one who lose is the those dumb people who support this board's continuation not the hedge fund.

google how hedge fund works for education... !

what no one here knows if these hedge was one of the beneficiary to 10.5% interest loan because if they are then all they will do is keep using the board to make decision that benefits them not smaller holders so it could back fire as well depending upon what is their intention here.