You can't buy preferred shares through your broker. That was essentially a private placement between NSAV and TGPE.
You can only buy common shares through your broker. They aren't playing games to drive the price down - they want to MAKE money, not lose it. They already have hundreds of millions of shares, it would not make sense to drive the price down (and lose on the ones they already own) just to buy more. There would have been a set price between NSAV and TGPE.
Think of it as TGPE investing in NSAV to give them the cash to do the follow-up work that needs to be done to pull off the current plan. When the plan works, they (and we) benefit.
I think the pull back was sour grapes by the likes of Jake, who simply wanted the cash, and gives not a whit about what his sales did to existing shareholders. We only know he had shares, not how many. I'd suggest he had several hundred million, to satisfy his 'claim' against NSAV. If he's done, things should continue as they did before that happened.
Remember - TGPE now has a billion shares of preferred stock. That means, before ANY of us collect, THEY do - preferred shares are paid before common shares. They are now in a position to control stock price, even if they can't trade them yet.
But you're right about trip sellers - I only sell mine on the way up, not down. Those of us that still have trips are sitting on a gold mine. Not a good reason to sell them yet...but I sell a mil here and there to diversify, but not enough to affect the share price.
