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Re: nsomniyak post# 3510

Thursday, 06/30/2011 11:12:52 AM

Thursday, June 30, 2011 11:12:52 AM

Post# of 7054
Overhang caused by warrant conversion and offer to sell by preferred holders are putting lids on price appreciation from FDA approval, but it represent tremendous opportunity for those patient investors. I do believe this churning will be short lived.

I doubt 31 mil shares registered for sale will be sold on the market immediately. Possible some of the preferred shares maybe sold to pay for the uderlying warrant price ($0.50 per share) and hold the shares for longer term. I do think these shares available represent opportunity for fund and bigger pockets to do a private transactions. If that's the case, 13g or form 4 (insiders) should be forthcoming.