Those who say that issued restricted shares don't change volatility or liquidity or the trading price are just plain wrong.
In the real stock market world, one company buying another doesn't just buy the shares in the float at a stated price. They must buy all shares, even options unconverted.
In the stinky Pinky scam world of a BAYP, it's all about the float.
Yes, an insider holding 5M unrestricted shares, with upwards of 191M coming off restriction next year, probably isn't too motivated to hold those 5M shares. Always comical to hear is how the insiders aren't selling, because they know the value of what they hold is worth so much more. Uh huh. That one hasn't been used yet here.
The only real question is how much can Porter and fiends afford for a BAYP promo this year? One thing for sure the lame Shamberg pumps of the JV, aren't going to take the microcrap market by fire storm.