The number of shares and warrants offered in the last four years is staggering..and when you consider a split also took place in that time frame. Those same folks that bought at 30 pre split are the same ones buying up til now.
Time line of terror
June of 2011 they file a 30M shelf that in release says should give them access to capital over next 3 years includes 4,038,269 warrants
10K delayed March of 2012
8/12 2,587,824 shares sold 1,293,912 warrants
10/12 3,324,750 shares sold 1,662,375 warrants
3/13 1,204,820 shares sold 602,410 warrants
4/13 6,340,000 shares sold 3,170,000 warrants
7/13 1 for 4 RS
7/13 naz compliance regained
7/13 1,204,470 shares sold
8/13 another shelf register barely 2 years after shelf that was supposed to last 3 years per company release
12/13 1,253,351 shares sold 626,674 warrants
6/14 5,225,560 shares sold 2,090,224 warrants
11/14 15M shelf filed
1/15 5,513,044 shares sold 2,205,216 warrants
5/15 7,300,000 shares sold warrants to purche 3,650,000 and a 30 day option to purchase another 1,095,000
you had 13.458 shares added to the float and warrant of 6.729M added before the RS
and after its 20.496M with varies warrants and options for another 9.667 M
The new money coming in ain't hanging on like the old shareholders. The majority of these shares are in the same hands as they were 15 years ago.
