What seems for certain is there would not be a reason for them to be hammering away on iLie unless there is a financial incentive to do so. That is the iLie model as was made public in the original trial of the founder who was convicted of securities violations. Either they want to induce a shareholder suit/revolt to bury the company or inject enough doubt that if (when) it does resume trading, long time holders that have been frustrated by the last several years start selling immediately so that existing short positons can be covered with the least amount of loss.

A lot of this depends on what MMs the stock opens with and if they have ties to the previous ones/toxic lenders. If they have no ties - that is when it could get interesting quick.