floyd, i think it's more likely to be payment of convertible debt. i've you've been reading my posts these last several weeks, i always said i was calling the TA often because i expected a big jump up in the OS, as debt holders got their last piece of this company, before news hit.
i still think news is coming soon, and that it will be a series of major material events.
debt holders want to own this stock as much as we do. it's their chance to really make a huge profit. think of how much of this company they could own (each gets 5% of the OS, plus ironridge gets 10%, so if we've got 4 individual debt holders plus ironridge that's 30%). they won't just go away quietly for the greater good. they want what they are owed.
that said, i do think it's notable we've seen no selling with a large issuance of shares, and for all i know the OS has been this size for several days. most debt holders would have been selling the day they converted, and we've seen no such thing. in fact, other than a 5K share bid-side paint job, we are up 50% since the split occurred.
so my own hunch is this is a conversion AND and it's going to be the last shares they get before all the debt is paid off by the $8.5M non-equity based loan.
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