No, it doesn't.
His contention was 4 million free trading shares. His contention was 4 million new shares hitting the market.
There has still been more than enough buying going on that even if the million shares were all hitting the market it wouldn't do much to change the way the SP has been behaving.
Aside from that, nobody could ever show or demonstrate whether or not a single share of that million is hitting the market.
We're talking a measely $50k here, give or take.
Whoever got the shares, got them because they wanted shares instead of cash. And as Zguy has pointed out... we don't even know if that million shares went to a single entity or if it was spread amongst several different issuances.
Unless you have a way of puting some kind of lojack system on each share, there's no way to know if even a single share of those issuances have hit the market. IMO, unless it all were to go through in one or two big transactions, it wouldn't even cause a blip on the radar.
If someone was in that big of a hurry to sell the shares, then why didn't they simply take payment in cash to begin with? Hemi's got more than enough oil already tanked to cover that $$.
There's been a lot more of whatever else that has been going on all along... things that all along Hemi has said they have no knowledge of and are not participating in...
That's still the bigger issue, IMO, particularly because it continues to occur for now.
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