"There's less stock out there in the float then there was two weeks ago IMO."
that statement's probably only accurate for the rest of the day.
aren't there around 12-14 million shares that will be/are now registered? assuming the amended registration is approved (noting that Wave left a date box blank which may or may not be enough to reject the registration).
those 12-14 million shares missed out on the run to $5, unless they are already "short against the box" (which totally circumvents the short restriction, btw).
there's gonna be significant size on the ask for a while IMO...
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