Most shareholders, or most shares?
If the former, I may agree, if the latter I am not so sure. There are a few major shareholders (comprising a significant number of shares) who more than likely will not sell for pennies.
¶ you know that most will sell for pennies.
the S.E.C. securities lawyers, if only through their investigative ineptitude and financial illiteracy, colluded to maintain large frauds. -- Harry Markopolos (Madoff whistleblower)