Do you really think the big investors who own the 150M shares from the warrants exercised in the last 6 months are foolish enough to hold through a no-show SNO and then a mini-crash but only now they're getting scared into selling under .70? Why the heck would they sell only now? Just because the stock did a mini-crash? Or do you think their confidence got broken just because the final certification might not get done till Jan? Neither of those are reasons the professional large money dudes would sell, imo.
They wouldn't sell just because of SNO, nor because the PR'ed before the end of 4Q certification might be delayed, nor would they sell just because a small number of shares (relative to the 150M new share number) got sold in a panic. We know they exercised the warrant to hold the stock for 2 reasons, one if they had wanted to dump the new shares they would have started selling by doing cashless exercise to start with as they could have dumped 1/6 the number of warrants off the bat without affecting the market trading and two we didn't see a much greater than usual trading volume to account for much of the 150M excess supply of shares getting sold into the market day-to-day since June.
The big money remains in the stock Jerry. If they plan to sell in the near term they are waiting for the big volume event in the runup after TLD is announced or maybe they will keep holding their 10s-100s of million shares either for the buyout or the next very high volume event following the first of the RA approvals.
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