John that is exactly why I feel a little bit misled...but I think it surely is possible before 2011. Reverse split is the magic-word.
Who says Ardsley and others want to sell when they can make a few cent per share. My guess is they will want to see a big climb in pps, and they have faith it will. Else they wouldn't have invested that amount of money.
You are in it to see the pps go to $1 and above, aren't you? Me too, I think we all are, we are not going to sell when we make a few dollar on our positions, we want to hit the "jackpot".
So Ardsleu and Pope are almost in the same position as we are. Only they were able to negotiate a better price than we.