Edited: How could he dilute during the SEC investigation when most are selling and have no confidence? MM's don't buy stock in the greys. These are matched trades. So who would be wanting to buy tens of millions of shares basically knowing they must be from dilution or insiders bailing? Who would do that? Nobody IMO. Why try to catch a falling knife under those circumstances? In other words, who would buy in order for Jim to be able to dilute?
Sorry, but the dilution theory just isn't making sense. At least tell me who would be the buyer. Anyone?
Waiting for something more than a guess from all the expert posters.