Well, for one idea- the Canadien dilution began at prices well above the $0.60 conversion price. So, they can be averaging still at a profit, by selling at these prices. That would explain the volumes for sale. Remember, they had upwards of 10M to convert if they choose. On the other side, value buyers are in no rush as long as the conversions continue. It looks more and more like a stabilized market that will sit until market forces based upon value inch the share price up. Wouldn't look for anything above .75 for the next 3-6 months, though.
JMHO
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