No, the cd holders in question make sure they never own 5% of the stock. They dump as soon as they can get their hands on shares, and they care only about liquidity since they receive shares at 1/4 the lowest trade in a given week.
DISCLAIMER: I am a dirty, rotten penny investor. I am not compensated by any stock. I've asked them to pay me, they refuse. I buy stock on the open market. I sell it there. I like money. I am greedy. I am under the care of a psychiatrist.