I'm scratching my head as to why they flipped some options some options on 6/18. Nonetheless, it was a small amount and profitable for them. Hope this is not the entity covering their original shorts and merely disguising it by separating the fresh long account from the long-standing short account. Nowadays, its hard to understand anything about the trading in this stock. Suspicion about the long/short coverup grows when we realize that their appearance has had absolutely zero positive impact on the stock. Unusual that a fresh 6% S-3 filing would not bring other copycat buyers into the stock, nor apply additional pressure to an independent short (to cover more aggressively). Also, curious whether they have purchased additional stock since the 6/28 filing.

Silverbull50

About Trishield Capital Management

Trishield Capital Management LLC is an investment manager specializing in distressed, stressed, special situations and event-driven value opportunities. Trishield Capital Management was founded by Jeff Buick in 2008.