I am really at a loss.....   Aside from MM manipulation, the only thing that makes the least bit of sense (and not much sense at that) is that S&L is reducing their exposure in real shares.  Per their warrant buy-back agreement with PTSC, they can't buy shares, and they can do no more conversions/exercising of warrants (i.e., they have to sell the warrants to PTSC).  Even if they wanted to convert, I doubt they'd need to sell any shares, because I believe they have plenty of "room" to stay below the 10% cap.

S&L reducing exposure makes some sense, but very little IMO. Sell today when there could be a big rise in a month or two?  And I think it's at least a coin-flip that such a thing could happen (e.g., Mediation fails, Our Team files for SJ on the '148 and '336 and it's granted, Js settle).

Today's trading action was indeed perplexing....

But it was pointed out that most trades went at the Ask - a lowered Ask.  This points me to the MMs.  Could they be building an inventory? (i.e., were they buyers?). I'm clueless.....and

I KNOW nuttin'!

SGE