Viking,
This is helpful. You're saying that there were two sustained periods of dumping, much of it presumably Ironridge shares, issued at a very low price. Fair enough.
I'm suggesting that for the last 7 days, we are getting just as high volume with the price basically up. So, if there is any dumping, it's being absorbed. Admittedly, this is only 7 days.
If there is a bond offering, the dumping may be almost over. Even if it isn't -- and even if in the worst case that there are 15M shares issued in the next 15 months, I'm suggesting that it can be absorbed, because it will comprise only 13% of sales, if evenly distributed.
But it seems that on this board, every day that there's a downturn -- even intraday trading that is reversed -- it is attributed to dumping. I'm hoping that that phase is over (less a concentrated, but isolated event or two) either because a bond offering will replace new share issuance entirely, or because the number of shares potentially issued through 2013 will be a (much) smaller percentage of volume against a continued and more positive environment that demonstrates the ability to absorb:
1) alternatives to share issuance (bond)
2) higher pps (Sweden listing); so less shares needed and flexibility to time any debt repayment
3) much lower ttm p/e
