If my understanding is right, i can understand why the hedgies would short the crap out of this stock, especially if the convertible date was looming over the holders of these convertible notes.
My understanding is that for a $fixed amount/ share price at time of convertible date. Hence lower the sp of abs the more shares these convertible notes will convert into.
Once they convert these notes into shares then they ramp the stock as high as possible taking into account dilution of number of shares on issue.
I could be wrong, but sounds like pure manipulation to me.
FK
ABS
a.b.c. learning centres limited
