I think it's important to remember that it's was only 4 weeks ago that 40 mil shares were traded at sub 8 cents.
all of those are still in profit so it makes sense that some of them as traders and some of the recent CR participants will take profit given we are looking at potentially a 4+week holding pattern.
as I said yesterday we are going to get traded pretty hard based on the glass half empty glass half full narrative of the announcement depending on interpretation.
those in profit or who want out will exit. those with a long term conviction will hold / accumulate.
for every seller there is a buyer.
good luck to those on either side of the coin.
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