I think revenue of any size will go towards a re-rate. Initial...

I think revenue of any size will go towards a re-rate. Initial low revs would take time to overcome the weight of existing sentiment and shorts and this may already be baked into the price. The more energetic re-rate with the IDM would bring some froth but without concrete numbers that take some time to come through to market would see those in control of the price possibly use the incoming liquidity (retail hype) to bring their risk profile down. OR maybe the price will go totally gang busters for weeks right up to the ATH. I can only speculate, and I tend to take the most conservative risk based lens and wait for proof. I don't think it's bad to give away that first 100% of a price rise in a stock that could be setting up for a 1000% + rise.

I don't think that MUFG are going to borrow another 10mil in stock and slam the ask price should a ann come out stating contract/rev.

New players will be attracted to a rising share price soon enough to replace the fatigued ones. Assume management win back trust with a deal of any size and that will go a long way to rejuvenate sentiment too. These are very complex mechanisms full of noise and without some very juicy inside knowledge I think the only way to arbitrage the uncertainty is to leverage time. Or trade a position around the stock.