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Wednesday, December 21, 2016 9:47:49 AM
I tend to think that the volume was not the 35 million in warrants, since even with the PTAB result, I would expect to see the stock price drop if 35 million shares were all dropped onto the retail market within a few weeks. Prior periods of selling of, what appeared to be converted shares, usually had large volume with price drops.
It looks like that the 35 million shares have not been sold off yet.
There is also a question as to if only 35 million shares are going to be issued, since they are increasing the outstanding share count.
Louis J. Desy Jr.
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