Here's what I understand from my dd:
OS: 700M
of that, at least 100M is restricted and can't trade
The 300M dumped at 0001 Dec 27 was possibly the last of the most recent conversion since Sep 30 when the os jumped about 400M
The 650M traded a couple of weeks ago on the MJ rumor was mostly the 400M shares sold in the 0001-0003 levels
Some of those shares were let go last week due to impatience, but those who picked them up have a newly reset clock and will hold for news (unless the news delays more than a week or 2)
Most of the action has been on hundred dollar trades, so even minimal dilution or profit taking would kill any runs. If any real money moves in here, it will fly. The float will be gobbled up, and the traders can set their own exit points.
I've seen POS stocks go from .0002 to .08 just because the group playing them were disciplined enough to hold and let it run....