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Sethb

12/05/12 12:15 PM

#280287 RE: CRASSUS #280286

Of course they are manipulating right now. They want neom to fail the see a light at the end of the tunnel and want their money now.
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Poptech

12/05/12 12:35 PM

#280290 RE: CRASSUS #280286

crassus: Of course, YA is converting. My point is all the apocalypse discussion of billions of shares converting is limited by two factors: average volume and beneficial ownership limits.

Right now YA can convert and hold around 150 million shares at any particular moment. At the current average volume and assuming 30% of volume is YA, it would take a month and half just to sell what they can hold in a day.

We have already had the equivalents of Apple, Amazon and Facebook license and we still have an average volume of 15M shares a day.