Do you possibly think that we could be between 10 and 11 and the info they requested, (i.e.-clearer pics, etc.) could be the equivalent to performance data?
As for the restricted shares issue, the people I know are holding, but even with your logic, if you got 1 million shares at 2.5 cents/share is $50,000 even at 50 cents a share, you only have to sell 100,000 shares to recoup your investment if you so choose. I said that to say that it may not be as many shares as you are initially thinking.