"Everyone buying shares at these prices will sell or sign up quickly below any 2 dollar offer as that would be 75-100% profit"

I agree partially with that opinion.
I made no secret that I day trade a portion of my investments. Currently my day trade portion of Noront shares is about a third ( 50% above my planned long hold ).
The day trading portion now averages $1.206 so 2$ is fairly attractive and if the sp would get there at least half of these and probably 2/3 I would sell, holding a few back for the 2.50 and still fewer amount to add to the long hold as virtually free shares.
I say this because this probable example imho typifies many day traders. AND many funds should be considered as day trading types - Get in quick, make a few bucks and get out.