My quess would be that the market is pricing in the possible 20% dilution.. The 1.00 share price discounted by 20% is .80.. It seems to me this whole options business came to light at around a 1.05 share price.. I could be wrong on that..Canaccord are pounding the share price down which is not hard to do when there is a lack of buyers and who wants to buy when Canaccord are selling ??.. Who knows,,maybe next week Canaccord will be buying everything in sight.. I have given up trying to understand the PTK buying and selling that goes on.. JMHO