I had a conference call with Mike on Saturday morning. Jeff, the investor relations person, was also in attendance. They assured and guaranteed me that most, if not all, of the restricted shares have been sold. These shares were held by 3 different individuals. I repeat, The majority of the restricted shares are gone.
The selling we have seen in the last few weeks is not dilution. I know how it appeared. But, It was just a matter of the former officers redeeming their shares. I repeat: The restricted shares from 2008-2009 have, for the most part, have been sold. This was NOT dilution. I will post the highlights from the phone conference later.
I guess it's possible that I was lied to for over an hour on the phone. But, I am going to choose to look at this glass as half-full.