I don't see anything that unusual The last S-8 was 8/7/09 for 500K The convertibles do not appear to be restricted, so they would have hit the market long before now. The O/S tripled in the last year, stock price fell by factor of 10 Those dont match, so I suppose large holders are wary of large commercial defaults to come. The conference call did specify (unloading) high risk liabilities, so in a sense they have also written off future profits as well.
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