Yeah, Mr. Ward's sales are hurting the current share price. But he's hurting himself too.
I find this all to be bullish for the long term. Most analysts seem to feel that SD has an intrinsic value above it's current share price. TPG-Axon are simply shareholders who got fed up with watching the current management trade assets for debt while carrying off the cash. Once this drama is over, I can see SD returning to $10 or so.
Hope I ain't pulling too hard on the ol' Kool-Aid jug here.