My only rational suspicion is that MMcap is selling their PP shares into the market at a profit and then sitting on a bunch of risk free warrants. (twice now)
We can all see that based on the volume lately..there is demand for shares..
If another PP goes to Mmcap after this downturn in price..during a red hot tech/AI market it will be blatantly obvious to me what has been happenning..IMO