Here's the thing about those 2 Ironridge transactions. I'd have to look again but believe they were being compensated for company obligations that were transferred to them. The agreement had a complicated formula that protected Ironridge if the share price fell. They were able to sell as many shares as that formula would allow, but only hold a certain % amount at any one time. You would only know the exact amount of shares you were able to sell after the time period(another formula based on the trading volume) was done. So it It can be kind of a gamble, but if they believe in the future of the company they would sell as many as the formula would allow(and that number got bigger as the share price fell, which you guessed it, it did), hoping the share price didn't suddenly rocket on some news and really mess things up for them, but make sure and hold the maximum percentage they were allowed to keep. Now it's possible the % number they were allowed to keep actually went up as things progressed because of them demanding more shares to be added to the issued share number. Until the filings hit we'll have no idea what happened, and even then it will probably only give us the shares Ironridge was allowed to hold, not the total number they may have added to the float. It could be nil and it could be quite large, although I don't think there's any way it can explain the jump from, well I can't remember, but it seems as if it was in the neighborhood of 150 or 60 million to the 300 it appears to be today.
AI
