Just to add to my speculation thinking on bought deal. By not setting strike price for offering it allowed Maxim to short the stock down. If they had set the price, bids would have dropped to strike price lessening or eliminating naked short sales. Hopefully they have their fill and they begin covering for the overallotment. Again just struggling to make  sense of what's happening 

Hopefully not too many longs were scared out of their shares but since there are no guarantees, no one has a crystal ball how this will play out so fully understand the impulse to sell for fear of losing it all. ( it crossed my mind)