Ryan himself has stated the buying has started.
And the people claiming that the A/S reduction will send this to pennyland have the same merit as those claiming it's going to no bid tomorrow. The reduction is just the first major step in correcting this stock. So many people said that the reduction would never happen, and if he did reduce, it would surely never be all 12 billion because of how he worded it (up to 12 billion).
Well, all 12 billion are out. As for the climb, yes, it will take a lot more correcting before this really takes off. This is not a "get rich quick" stock. But I believe it will be a "get rich eventually" stock. A little patience required.