If SL is supposedly behind all the cd holder companies and he has financed the share buy back as has been suggested, I don't see his rationale in dumping into the float at this low low PPS. And if he has 'assisted' Lowenthal with filings it seems non-sensical. He doesn't need the money by sounds of things. I don't think the Float has increased.
My guess is all have been or are in the process of being converted and there will be an apology PR stating Ted can't believe they would do this. That is what happens when you have toxic financing. The high volume and low PPS explains the dilution. So the float will likely be 8.4 billion shortly imo.
At this point I am just hoping for a run to .001 with whatever Ted has up his sleeve.
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