Don't get me wrong - I never said that 80m shares were dumped this week.
I think the toxic financier needed to get rid of his last holdovers and a newsletter was a part of the plan.
Now that is over this will flip around a bit and trend downwards once more.
It's no secret that more of the CDW's are maturing and there are no revs to offset the conversions.
Therefore, the float will increase once more.
Not to mention, while there have been no new CDW's since August, new debt has been accruing.
Which will once again be transformed into CDW's - the A/S is 1 billion for a reason.
It's a cycle - a unicycle for management/insiders.
If ever the saying, don't believe the story - play the stock, was apropos, ftch is it.