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Re: wynns01 post# 52564

Friday, 10/14/2016 2:57:51 PM

Friday, October 14, 2016 2:57:51 PM

Post# of 104401
lol! The Posner's were proven to be selling, but clearly not for beer money. They were selling to execute their options.

Of course, no one knows for a fact that it's MKM, but if they're out in 4 weeks before the 10Q will know that they were a large player in this daily volume.

I posted a week ago my hypothetical sell off of 7.5 million would take 1.5 to 3 months given average volume of 300k daily and MKM variation of how much they contributed to the daily volume. I think I estimated 30-60% of the daily volume attributed to MKM to give me the sell off period for them.

The Posners sold so they could get under the limit to execute their options/warrants. If you recall they were limited to around 9% maximum ownership of the company. They sold at a fraction of daily volume 10-20%.

https://www.sec.gov/Archives/edgar/data/1403570/000119312515294657/d75283dsc13da.htm

MKM from all the rumors on here is liquidating the MKM Opportunity Fund of all assets. This type of sell off is likely less strategic where they don't care too much about the share price drop thus the continued pressure down. They could be above 50% of the volume for the past several months for all we know. They sold 17 million shares and didn't file a form 13 (unlike the Posner's who did file).

Of course, we could give into the fact that some people are tired of waiting, but as for this investor, I think QMC is close and this is just MKM pressure. We'll have to wait a month or more to see if when MKM is gone if the price rebounds. I predict with confidence that it will.

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