IMO they are usually very successful in their bashing.   They probably have a system of somehow shorting Greys or bashing for some MM like Nite, pocketing the money and watching the stock die.  Easy money normally.

If you look at the Grey market stocks, it's in the high 90% that don't make it.  Most Pinks have no income, high debt ratio's, inefficient management and a host of other problems.  With KMAG and its positive cash flow, they're trying to attach the same issues but are encountering a stock that has substance.  It isn't dying like they thought it would.  They'll probably stay until the price turns and runs back up.

However they are making their money, its a miserable way to earn a living.  Lousy humans working to hurt  and take money from others.