And obviously, despite selling shares from converting bonds
Do you believe retail slurped up 11M shares at 01, out of the blue, 3 days after the Oklahoma well PR pump? Welcome to the magic of wash trades being staged to simulate volume. Retail would have reacted immediately when the PR came out.
One knows 2M of those shares retail gobbled up via the T-trade. Which leaves 2M more to go. However, the real fun will be the summer P&D. Potentially up to 161M restricted shares having their legends come off. The last time the insiders had the opportunity to dump big was Feb 2014. First the PR about becoming a MJ player, followed 2 days later about a Foggy lease. A volume of 23M in 3 sessions. Another 25M in the next 2 months, with two other MJ PRs. Given the PPS spike, and the MJ craze last year, that might have been retail buying.
The point being BAYP insiders have shown the ability to conjure up a successful P&D. Yesterday was small taters compared to what dump could potentially come in Jul-Aug. They aren't going to hold the shares just for fun. Especially the affiliates who have been fronting the money for these wonderful played out well acquisitions a year ago. It's time for their cheese. Watch for the lead in PRs come Jun-Jul.