I believe when the truth comes out, there will be several shorting facets identified on this stock. This may as well have implications for the Exchange and regulators. The way things worked in the past, cannot work in the future and will be involved in a major restructuring of legislation, if the markets are able to uphold at least a portion of integrity. In the past, the shorting scheme was allowed to run rampant and backed by authority to do so, mainly in market making (MM) activities, that saw MM,s having the authority to move stocks up and down for companies, that investors were obviously oblivious to this tactic. The tactic used, is/was often manipulated or piggybacked by shorting funds to make money, as recently portrayed in the Ontario,s Teachers Pension Fund,s reprimand by the SEC. What these tactics do, is put retail and unsuspecting investors at considerable risk, and in fact, any MM activities can be challenged by law from any retail or institutions, if so desired.
There is talk of new legislation affecting such areas, but the laws are so complex and contradictory, that new laws cannot be implimented upon a degrading system now in effect. The prudent and competent way would to be to tear the whole system down and start anew. Almost every part of the current system can be challanged in court quite reasonably today, by the very laws that were enacted to ensure the MM activity as well as trading, in the past.
IMO