Ok I paid the damn $13 just so I could reply to you 2 reading comprehension failures. Here's the statement in question with my bolds as emphasis:
"The Settlement Agreement also provides that with respect to any single trading day during the Calculation Period, Hanover shall not offer or sell any Settlement Shares on, or over the course of, such trading day in excess of the greater of (i) 15% of the worldwide average daily trading volume in the Common Stock on all national securities exchanges and automated quotation systems, if any, on which the Common Stock is listed or designated for quotation (as the case may be), excluding any sales of Common Stock by Hanover, for the 10 trading days immediately preceding such trading day and (ii) $65,000 worth of Common Stock. Hanover and the Company may modify this restriction by mutual written agreement."
"The greater of", they can trade up to the greater of those 2 amounts; 15% of the 10 average volume excluding their own sales and $65k
the fact that they used "and" instead of "or" has no relevance, it's the greater of the two amounts. How else do you think they burned through 61m shares between July and October? They didn't do it at $65k in shares a day, the math just doesn't add up.
