Playing devils advocate - if MEF are rattling down the SP to get a really low conversion price (as you suggest), that would only be valuable to them if the SP bounces up significantly within a 10 day period (given their conversion price is 10% discount of lowest 4 days VWAP). The problem with that is that the company is on the verge of another CR. Now if I've just dropped 40% and need a CR then that's the worst time to rely on a bounce in SP. A potential spin off of your theory is that MEF is trying to wrangle TV2 to use Tranche E (which they reserved the right to use).
TV2 Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
