After a few calls and emails today, here's another theory and Bouts could be right about someone needing this down. The selling certainly isn't from retail and insiders shares for pay/conversion are at much higher levels. So there isn't many other options except naked short[s]. Ya I know a big UGH on that, as how many times thru different plays has this excuse been used. However the capping level here starts in eanest once .025 is exceeded. The company seems to be trying to overwhelm them with the massive early buying. Now at some point if there is naked shorts, the lenders of those shares need to be paid back, when and at what point is the question.
So it's just a theory but seems to make some sense in light of anything else plausible.