4me -

My wild guess is that S&L has to show a sincere effort in staying at 9.99% or below.  When they convert warrants, it most likely brings them above 9.99% so they've got to sell ASAP.  Today is a good day for them to sell because there are lots of buyers, unlike most days when the volume is very low. 

Needless to say, it probably isn't retail investors selling.  The news with this stock would turn any day trader into a swing trader.  You just can't ignore the potential for an explosion sometime down the road. 

I don't think there are that many shorting this stock and I don't think the MMs can hold the price down.  They can and do play games with the price, but they've got to be able to explain themselves.  In other words, they can't keep the stock at .60 when it could have gone to 1.20. 

Any other theories are welcome.

All IMO

GLTA