Watching the share trading over the last 3-4 sessions , and since dec 23 it seems someone/or entitiies are capping the stock below the 7/8 level.
The buyers continually take a line or 2 , and the sellers come on the offer with large lines , in my opinion aimed at intimidating the uyers , and has had the affect of capping any momentum , seeing the stock price slide from 8.7 to 6.8 since the 9c indicative offer .
In my view if there intent is to get out , they would hit the bid , and stay off the offer , as when they are not there the stock is very gappy .
Hedge funds and prvate equity have a lot to gain seeing the stock weak .
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